Lam Research Corporation Earnings Rise 20% In Q1

(RTTNews) - Lam Research Corporation (LRCX) announced a profit for its first quarter that rose from last year.

The company said its bottom line rose to $313.05 million, or $1.82 per share. This was higher than $260.02 million, or $1.50 per share, in last year's first quarter.

The company said revenue for the quarter rose 39.1% to $1.60 billion. This was up from $1.15 billion last year.

Lam Research Corporation earnings at a glance:

-Earnings (Q1): $313.05 Mln. vs. $260.02 Mln. last year. -Earnings Growth (Y-o-Y): 20.4% -EPS (Q1): $1.82 vs. $1.50 last year. -EPS Growth (Y-o-Y): 21.3% -Revenue (Q1): $1.60 Bln vs. $1.15 Bln last year. -Revenue Change (Y-o-Y): 39.1%

-Guidance: Next quarter EPS guidance: $1.42 Next quarter revenue guidance: $1.410 Bln