Benzinga | Oct 21, 2020 04:06PM EDT

Lam Research Q1 Adj. EPS $5.67 Beats $5.19 Estimate, Sales $3.18B Beat $3.11B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $5.67 per share which beat the analyst consensus estimate of $5.19 by 9.25 percent. This is a 78.3 percent increase over earnings of $3.18 per share from the same period last year. The company reported quarterly sales of $3.18 billion which beat the analyst consensus estimate of $3.11 billion by 2.25 percent. This is a 46.81 percent increase over sales of $2.17 billion the same period last year.