FREMONT (dpa-AFX) - Lam Research Corporation (LRCX) announced earnings for fourth quarter that decreased from last year
The company's bottom line came in at $0.81 billion, or $6.01 per share. This compares with $1.02 billion, or $7.30 per share, in last year's fourth quarter.
Excluding items, Lam Research Corporation reported adjusted earnings of $0.95 billion or $6.99 per share for the period.
The company's revenue for the quarter fell 4.7% to $3.87 billion from $4.06 billion last year.
Lam Research Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $0.81 Bln. vs. $1.02 Bln. last year. -EPS (Q4): $6.01 vs. $7.30 last year. -Revenue (Q4): $3.87 Bln vs. $4.06 Bln last year.
-Guidance: Next quarter EPS guidance: $4.25 - $5.75 Next quarter revenue guidance: $2.80 - $3.40 Bln
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