Lam Research Corporation Reveals 97% Gain In Q4 Profit

(RTTNews) - Lam Research Corporation (LRCX) reported earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line totaled $258.94 million, or $1.46 per share. This was higher than $131.27 million, or $0.74 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 4.7% to $1.55 billion. This was up from $1.48 billion last year.

Lam Research Corporation earnings at a glance:

-Earnings (Q4): $258.94 Mln. vs. $131.27 Mln. last year. -Earnings Growth (Y-o-Y): 97.3% -EPS (Q4): $1.46 vs. $0.74 last year. -EPS Growth (Y-o-Y): 97.3% -Revenue (Q4): $1.55 Bln vs. $1.48 Bln last year. -Revenue Change (Y-o-Y): 4.7%