By Paul Ziobro

 

Lam Research issued guidance ranges for its current quarter, with the midpoint above Wall Street expectations.

The Fremont, Calif.-based company, which manufactures and services equipment used to make semiconductors, on Wednesday said it expects revenue between $3.1 billion and $3.7 billion for the fiscal first quarter, which ends Sept. 24. Analysts recently polled by FactSet had expected $3.3 billion.

Lam forecast adjusted per-share earnings between $5.30 and $6.80 for the same quarter. Analysts had forecast $5.56 a share.

The outlook comes after the company reported better-than-expected results in its fiscal fourth quarter.

 

Write to Paul Ziobro at paul.ziobro@wsj.com

 

(END) Dow Jones Newswires

July 26, 2023 16:54 ET (20:54 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Lam Research (NASDAQ:LRCX)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Lam Research.
Lam Research (NASDAQ:LRCX)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Lam Research.