Lam Research Earnings: Here’s Why Investors are Happy Now

Lam Research Corporation (NASDAQ:LRCX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.46%.

Lam Research Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 33.33% to $0.8 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Rose 32.92% to $986 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lam Research Corporation reported adjusted EPS income of $0.8 per share. By that measure, the company beat the mean analyst estimate of $0.71. It beat the average revenue estimate of $981.93 million.

Quoting Management: “Lam Research had a very strong June 2013 quarter, achieving record shipments and revenue and delivering EPS performance that exceeded our guidance range,” said Martin Anstice, Lam’s president and chief executive officer. “Our results underscore our strong operational execution and commitment to invest strategically to address our customers’ most critical problems and further strengthen our competitive positions. We believe we will benefit from market expansion opportunities and that our focus on technology and productivity innovation positions us well for next-generation technology inflections and investments planned by our customers.”

Key Stats (on next page)…

Revenue decreased 0% from $0 in the previous quarter. EPS increased 81.82% from $0.44 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.85 to a profit $0.83. For the current year, the average estimate has moved up from a profit of $2.12 to a profit of $2.14 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , , ,  

More from The Cheat Sheet