Lam Research Corporation Reports 254% Increase In Q3 Bottom Line

(RTTNews) - Lam Research Corporation (LRCX) revealed earnings for its third quarter that climbed from last year.

The company said its bottom line totaled $507.75 million, or $2.80 per share. This was up from $143.45 million, or $0.82 per share, in last year's third quarter.

The company said revenue for the quarter rose 64.1% to $2.15 billion. This was up from $1.31 billion last year.

Lam Research Corporation earnings at a glance:

-Earnings (Q3): $507.75 Mln. vs. $143.45 Mln. last year. -Earnings Growth (Y-o-Y): 254.0% -EPS (Q3): $2.80 vs. $0.82 last year. -EPS Growth (Y-o-Y): 241.5% -Revenue (Q3): $2.15 Bln vs. $1.31 Bln last year. -Revenue Change (Y-o-Y): 64.1%

-Guidance: Next quarter EPS guidance: 2.88 - 3.12 Next quarter revenue guidance: $2.2 - $2.4 Bln