Optimism surrounds Lam Research, as it gets ready to report its fourth quarter results on Wednesday, July 30, 2014. Analysts are expecting the company to book a profit of $1.22 a share, up from 80 cents a year ago.
For the fiscal year, analysts are projecting earnings of $4.40 per share. Revenue is projected to eclipse the year-earlier total of $986.2 million by 26%, finishing at $1.24 billion for the quarter. For the year, revenue is expected to come in at $4.60 billion.
The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 1420%. The company enjoyed the boost in the first quarter when net income expanded 2989%, marking the biggest gain.
The majority of analysts (88%) rate Lam Research as a buy. This compares favorably to the analyst ratings of nine similar companies, which average 61% buys.
Lam Research designs, manufactures, and markets semiconductor processing equipment used in the fabrication of integrated circuits and are recognized as a major provider of such equipment to the worldwide semiconductor industry. Other companies in the semiconductors industry with upcoming earnings release dates include: KLA-Tencor, CVD Equipment and Applied Materials.
Earnings estimates provided by Zacks.
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