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Lam Research Slips Despite FYQ4 Beat, Higher Q1 View

Shares of chip equipment vendor Lam Research (LRCX) are down $3.34, or 2%, at $165, in late trading, after the company this afternoon reported fiscal Q4 revenue and profit that topped analysts’ expectations, and forecast revenue and profit this quarter comfortably head of consensus.

The stock has up and down, at one point dropping as much as 6%.

Revenue in the three months ended in June was up 52%, year over year, at $2.34 billion, yielding EPS of $3.11 per share.

Analysts had been...


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