Benzinga | Apr 21, 2021 04:09PM EDT

Lam Research Q3 Adj. EPS $7.49 Beats $6.60 Estimate, Sales $3.85B Beat $3.69B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $7.49 per share which beat the analyst consensus estimate of $6.60 by 13.48 percent. This is a 88.19 percent increase over earnings of $3.98 per share from the same period last year. The company reported quarterly sales of $3.85 billion which beat the analyst consensus estimate of $3.69 billion by 4.34 percent. This is a 53.75 percent increase over sales of $2.50 billion the same period last year.