5 Companies Making Noise After Posting Their Earnings Reports

In this article, we discuss the 5 companies making noise after posting their earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Companies Making Noise After Posting Their Earnings Reports.

5. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 62

Lam Research Corporation (NASDAQ:LRCX) recently announced weak financial results for its fiscal third quarter. The wafer fabrication equipment supplier reported adjusted earnings of $7.40 per share, compared to $7.49 per share in the same period last year.

Revenue came in at $4.06 billion, up from $3.85 billion in the linked quarter of 2021. Analysts were expecting Lam Research Corporation (NASDAQ:LRCX) to report earnings of $7.58 per share on revenue of $4.26 billion.

Looking forward, Lam Research Corporation (NASDAQ:LRCX) guided for adjusted earnings in the range of $6.50 – $8 per share and revenue between $3.9 – $4.5 billion for the fourth quarter. Analysts had projected earnings of $8.23 per share on revenue of $4.45 billion.

Discussing the results, CEO Tim Archer said:

“We are focused on resolving our supply issues as quickly as possible to support strong customer demand. We remain confident in the secular drivers of wafer fabrication equipment investment as well as Lam’s leadership position and expect to return to solid growth as industry constraints ease.”