RTTNews | Oct 21, 2020 05:23PM EDT

17:23 Wednesday, October 21, 2020 (RTTNews.com) - Lam Research Corporation (LRCX) revealed a profit for its first quarter that increased from the same period last year.

The company's earnings totaled $823.45 million, or $5.59 per share. This compares with $465.79 million, or $3.09 per share, in last year's first quarter.

Excluding items, Lam Research Corporation reported adjusted earnings of $835.07 million or $5.59 per share for the period.

The company's revenue for the quarter rose 46.5% to $3.18 billion from $2.17 billion last year.

Lam Research Corporation earnings at a glance:

-Revenue (Q1): $3.18 Bln vs. $2.17 Bln last year.

-Guidance:Full year EPS guidance: $5.11 - $5.91Full year revenue guidance: $3.28 - $3.50 Bln

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