Lam Research falls after Q1 results

Lam Research

Today 22:26

** Shares of chip-equipment maker Lam Research LRCX.O fall 6.1% to $15.9 after the bell 
** LRCX's Q1 revenue of $8.22 billion comes slightly above analysts' estimates of $8.15 billion, according to data compiled by LSEG
** The company posts Q1 adjusted earnings per share of $2.20, above analysts' estimates of $2.18
** EPS growth slowed to 21% quarter-over-quarter 
** 30 of 34 analysts rate stock "strong buy" or "buy", four "hold"; their median PT is $380 — data compiled by LSEG
** As of last close, LRCX down 52.4% YTD
     

















 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))