Priti Ramgarhia- April 22, 2021, 10:15 AM EDT SHARE ON:
Lam Research Corporation, a semiconductor company, posted better-than-expected guidance for the fiscal fourth quarter after results topped consensus estimates in fiscal 3Q.
Lam Researchâs (
LRCX) 3Q adjusted earnings increased 24% on a sequential basis to $7.49 per share and surpassed the Street estimates of $6.60. Revenue surged 11% sequentially to $3.85 billion and outpaced analystsâ expectations of $3.69 billion.
The companyâs adjusted gross margin came in at 46.3%, down 30 basis points sequentially. Meanwhile, adjusted operating margin was 31.6%, up 130 basis points.
Lam Research CEO Tim Archer commented, âSemiconductors are reaching new heights of strategic relevance, and Lamâs differentiated ability to meet our customersâ scaling challenges positions us well amid a strong wafer fabrication spending environment.â (See Lam Research stock analysis
Lam Research Reports Record Quarterly Results
Lam Research beat analyst earnings and revenue estimates for the March quarter, and its guidance also came in ahead of expectations.
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Lam Research (
LRCX) - Get Report reported record fiscal third quarter results that beat analyst estimates on Wednesday.
The semiconductor equipment maker reported adjusted earnings of $7.49 on revenues of $3.85 billion for its quarter ending in March. Analysts polled by FactSet were expecting adjusted earnings of $6.62 per share on revenues of $3.72 billion.
Lam shares were falling 0.35% to $639 after-hours on Wednesday after finishing the day s session up 4.6%. Shares are up almost 36% year to date and 163% over the last 12 months.
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Whanganui s Hops and Vines festival good to go after Covid-19 postponement
8 Apr, 2021 05:00 PM
2 minutes to read
Around 300 people have already bought tickets to Hops and Vines. Photo / Supplied
Mike Tweed is a multimedia journalist at the Whanganui Chroniclemichael.tweed@nzme.co.nzWhangaChron
The inaugural Hops and Vines festival will host hundreds of beer and wine connoisseurs at Whanganui s Majestic Square next week. Originally scheduled for March 6, recent Covid-19 alert level 2 restrictions forced the organisers to postpone until Saturday, April 17.
Organiser Gioia Damosso said despite the change of date, very few of the 300 people who had already bought tickets wanted a refund.