Lam Research Q1 Adj. EPS $2.20 Beats $2.18 Estimate, Sales $8.219B Beat $8.153B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $2.18 by 0.92 percent. This is a 74.6 percent increase over earnings of $1.26 per share from the same period last year. The company reported quarterly sales of $8.219 billion which beat the analyst consensus estimate of $8.153 billion by 0.81 percent. This is a 54.38 percent increase over sales of $5.324 billion the same period last year.