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Lam Research Reports Better-Than-Expected Q3 Results

Lam Research Corporation (NASDAQ:LRCX) reported its third-quarter financial results after the bell Wednesday. Here's a look at the highlights. The Details: Lam Research reported quarterly adjusted earnings of $7.79 per share which beat the analyst consensus estimate of $7.30 by 6.71%. Quarterly sales clocked in at $3.793 billion, beating the analyst consensus estimate of $3.724 billion by 1.86%. Cash and cash equivalents, short-term investments, and restricted cash and investments balances increased slightly to ...