Yahoo Finance Lam Research Third Quarter 2024 Earnings: Beats Expectations
Lam Research (NASDAQ:LRCX) Third Quarter 2024 Results
Key Financial Results
Revenue: US$3.79b (down 2.0% from 3Q 2023).
Net income: US$965.8m (up 19% from 3Q 2023).
Profit margin: 26% (up from 21% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: US$7.38 (up from US$6.03 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lam Research Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Lam Research, and understanding it should be part of your investment process.
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