Benzinga | Jul 29, 2020 04:06PM EDT

Lam Research Q4 Adj. EPS $4.78 Beats $4.04 Estimate, Sales $2.79B Beat $2.68B Estimate

Lam Research (NASDAQ:LRCX) reported quarterly earnings of $4.78 per share which beat the analyst consensus estimate of $4.04 by 18.32 percent. This is a 32.04 percent increase over earnings of $3.62 per share from the same period last year. The company reported quarterly sales of $2.79 billion which beat the analyst consensus estimate of $2.68 billion by 4.10 percent. This is a 18.17 percent increase over sales of $2.36 billion the same period last year.