Benzinga | Oct 21, 2021 12:10PM EDT

Lam Research Q1 EPS $8.32 Beats $8.21 Estimate, Sales $4.30B Miss $4.32B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $8.32 per share which beat the analyst consensus estimate of $8.21 by 1.34 percent. This is a 46.74 percent increase over earnings of $5.67 per share from the same period last year. The company reported quarterly sales of $4.30 billion which missed the analyst consensus estimate of $4.32 billion by 0.46 percent. This is a 35.35 percent increase over sales of $3.18 billion the same period last year.