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Lam Research beats Q1 expectations, shares rise on strong outlook

Investing.com
Summary
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Lam Research Corp (NASDAQ:LRCX) reported better-than-expected first quarter earnings and revenue, sending shares up nearly 4% .

The semiconductor equipment maker provided an optimistic outlook for the coming quarter .

The company posted adjusted earnings per share of $ 0.86 for the quarter ended September 29, 2024 , surpassing analyst estimates.