RTTNews | Jan 27, 2021 05:22PM EST

17:22 Wednesday, January 27, 2021 (RTTNews.com) - Lam Research Corporation (LRCX) announced earnings for its second quarter that increased from last year.

The company's earnings totaled $869.23 million, or $5.96 per share. This compares with $514.51 million, or $3.43 per share, in last year's second quarter.

Excluding items, Lam Research Corporation reported adjusted earnings of $880.21 million or $6.03 per share for the period.

The company's revenue for the quarter rose 34.1% to $3.46 billion from $2.58 billion last year.

Lam Research Corporation earnings at a glance:

-Revenue (Q2): $3.46 Bln vs. $2.58 Bln last year.

-Guidance:Full year EPS guidance: $6.15 - $6.95Full year revenue guidance: $3.5 - $3.9 Bln

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