Benzinga | Jan 27, 2021 04:07PM EST

Lam Research Q2 Adj. EPS $6.03 Beats $5.72 Estimate, Sales $3.46B Beat $3.34B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $6.03 per share which beat the analyst consensus estimate of $5.72 by 5.42 percent. This is a 50.37 percent increase over earnings of $4.01 per share from the same period last year. The company reported quarterly sales of $3.46 billion which beat the analyst consensus estimate of $3.34 billion by 3.59 percent. This is a 33.90 percent increase over sales of $2.58 billion the same period last year.