RTTNews | Apr 21, 2021 05:35PM EDT

17:35 Wednesday, April 21, 2021 (RTTNews.com) - Lam Research Corporation (LRCX) revealed a profit for its third quarter that increased from the same period last year.

The company's earnings came in at $1.07 billion, or $7.41 per share. This compares with $0.57 billion, or $3.88 per share, in last year's third quarter.

Excluding items, Lam Research Corporation reported adjusted earnings of $1.08 billion or $7.49 per share for the period.

The company's revenue for the quarter rose 54.0% to $3.85 billion from $2.50 billion last year.

Lam Research Corporation earnings at a glance:

-Revenue (Q3): $3.85 Bln vs. $2.50 Bln last year.

-Guidance:Next quarter EPS guidance: 7.00 - 8.00Next quarter revenue guidance: $3.75 - $4.25 Bln

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