Lam Research (LRCX) Tops Q1 Earnings and Revenue Estimates

Lam Research (LRCX) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.75 per share when it actually produced earnings of $0.81, delivering a surprise of 8%.Over the last four quarters ...