From TokenPost · · 40s
Lam Research Shares Drop 37% Before Earnings
Lam Research shares fell 37% below their 52-week high ahead of earnings call.
In brief
Lam Research shares fell 37% below their 52-week high ahead of earnings call. Lam Research shares closed 37% below their June 30 52-week high as they prepare for earnings. Originally reported by TokenPost.
Lam Research Shares Close 37% Below 52-Week High
Lam Research shares closed at $277.46 on Oct. 15, 36.7% below their $438.50 June 30 52-week high.
Q2 Revenue Up 30% to $6.722 Billion
Lam reported $6.722 billion in revenue for the quarter ended June 28, up from $5.171 billion a year earlier.
Earnings Call Scheduled for Oct 21
Lam’s September-quarter earnings call is scheduled for Wednesday, Oct. 21, at 5 p.m. ET.
The one thing
Lam Research shares closed 37% below their June 30 52-week high as they prepare for earnings.
