Lam Research rises on upbeat quarterly revenue
ReutersApr 23, 2025 8:56 PM
Shares of chipmaking tools supplier Lam Research LRCX.O rise 4.2% to $69.50 in extended trading
LRCX reports March-quarter revenue of $4.72 bln, vs analysts' average estimate of $4.65 bln, according to data compiled by LSEG
Co posts adjusted EPS of $1.04 vs estimates of $1.01 per share
Forecasts revenue of $5 bln, plus or minus $300 mln, for the quarter ending June 29 vs estimates of $4.59 bln
As of Wednesday's close, LRCX down ~8% this year
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