FX.co ★ Lam Research Corporation Announces Climb In Q3 Profit

In its most recent quarterly report, Lam Research Corporation released a statement indicating that its profits for the third quarter significantly surpassed those of the same period last year.

The company's net income reached $965.83 million, translating to $7.34 per share. This is a substantial increase from last year's third quarter, which saw a total of $814.01 million or $6.01 per share.

When excluding certain factors, Lam Research Corporation posted an adjusted earnings figure of $1.02 billion, or $7.79 per share for this period.

On the downside, the company's quarterly revenue saw a slight dip of 2.1%, dropping to $3.79 billion from last year's figure of $3.87 billion.

To provide some perspective, here's a quick look at the GAAP figures for Lam Research Corporation's recent earnings:

- Earnings for Q3 stand at $965.83 million, up from $814.01 million during the same period last year.

- Earnings Per Share (EPS) for Q3 come in at $7.34, compared to last year's $6.01.

- Revenue for Q3 sits at $3.79 billion, down from $3.87 billion last year.

As for future projections, the company provided some guidance. They expect the EPS for the next quarter to range between $6.75 and $8.25. They also forecast the next quarter's revenue to be within the bracket of $3.5 billion to $4.1 billion.