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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Fat Boss" data-source="post: 17038741" data-attributes="member: 122645"><p>LRCX had decent earnings but Zuck the Schmuck killed tech after the close.</p><p></p><p>Semiconductor equipment supplier <strong>Lam Research</strong> (<a href="https://research.investors.com/quote.aspx?symbol=LRCX" target="_blank">LRCX</a>) late Wednesday handily beat expectations for its fiscal third quarter and guided higher than views for the current period. But LRCX stock wavered in extended trading.</p><p></p><p>The Fremont, Calif.-based company earned an adjusted $7.79 a share on sales of $3.79 billion in the quarter ended March 31. Analysts polled by FactSet had predicted earnings of $7.30 a share on sales of $3.72 billion. On a year-over-year basis, Lam earnings rose 11% while sales dipped 2%.</p><p></p><p>Its March-quarter results marked a return to earnings growth for Lam after four straight quarters of declines. However, sales dropped for the fifth consecutive quarter on a year-over-year basis.</p><p></p><p>For the current quarter, Lam predicted adjusted earnings of $7.50 a share on sales of $3.8 billion. Wall Street was modeling earnings of $7.30 a share on sales of $3.77 billion in the fiscal fourth quarter. In the year-earlier period, Lam earned an adjusted $5.98 a share on sales of $3.21 billion.</p><p></p><h2>LRCX Stock Is In Flat Base</h2><p>In after-hours trading on the <a href="https://www.investors.com/news/stock-market-today-stock-market-news/" target="_blank">stock market today</a>, LRCX stock alternated between gains and losses. The stock was last down more than 3% at 851.01. During the regular session Wednesday, LRCX stock dipped 0.3% to close at 884.89.</p><p></p><p>"With solid revenue and earnings-per-share performance in the March quarter, Lam is off to a strong start in calendar 2024," Chief Executive Tim Archer said in a <a href="https://www.prnewswire.com/news-releases/lam-research-corporation-reports-financial-results-for-the-quarter-ended-march-31-2024-302126521.html" target="_blank">news release</a>.</p><p></p><p>He added, "As our customers address the challenges in scaling semiconductors to meet the power and speed requirements for driving AI transformation, Lam is strengthening its leadership and is well-positioned for the significant opportunities ahead."</p><p></p><p>LRCX stock is in a <a href="https://www.investors.com/how-to-invest/investors-corner/chart-patterns-flat-base-dull-trade-positive-action/" target="_blank">flat base</a> with a <a href="https://www.investors.com/how-to-invest/investors-corner/chart-reading-basics-how-a-buy-point-marks-a-time-of-opportunity/" target="_blank">buy point</a> of 1,007.39, according to <a href="https://get.investors.com/marketsurge/?src=apa1bq" target="_blank">IBD MarketSurge</a> charts. However, in a negative sign, Lam Research is trading well below its <a href="https://www.investors.com/how-to-invest/investors-corner/the-basics-use-the-50-day-moving-average-to-pinpoint-opportunity-or-risk/" target="_blank">50-day moving average line</a>.</p><p></p><p>Last week, industry peer <strong>ASML</strong> (<a href="https://research.investors.com/quote.aspx?symbol=ASML" target="_blank">ASML</a>) posted <a href="https://www.investors.com/news/technology/asml-stock-q1-2024-earnings/" target="_blank">mixed first-quarter results</a> and offered guidance below views. ASML stock tumbled after its earnings report.</p></blockquote><p></p>
[QUOTE="Fat Boss, post: 17038741, member: 122645"] LRCX had decent earnings but Zuck the Schmuck killed tech after the close. Semiconductor equipment supplier [B]Lam Research[/B] ([URL='https://research.investors.com/quote.aspx?symbol=LRCX']LRCX[/URL]) late Wednesday handily beat expectations for its fiscal third quarter and guided higher than views for the current period. But LRCX stock wavered in extended trading. The Fremont, Calif.-based company earned an adjusted $7.79 a share on sales of $3.79 billion in the quarter ended March 31. Analysts polled by FactSet had predicted earnings of $7.30 a share on sales of $3.72 billion. On a year-over-year basis, Lam earnings rose 11% while sales dipped 2%. Its March-quarter results marked a return to earnings growth for Lam after four straight quarters of declines. However, sales dropped for the fifth consecutive quarter on a year-over-year basis. For the current quarter, Lam predicted adjusted earnings of $7.50 a share on sales of $3.8 billion. Wall Street was modeling earnings of $7.30 a share on sales of $3.77 billion in the fiscal fourth quarter. In the year-earlier period, Lam earned an adjusted $5.98 a share on sales of $3.21 billion. [HEADING=1]LRCX Stock Is In Flat Base[/HEADING] In after-hours trading on the [URL='https://www.investors.com/news/stock-market-today-stock-market-news/']stock market today[/URL], LRCX stock alternated between gains and losses. The stock was last down more than 3% at 851.01. During the regular session Wednesday, LRCX stock dipped 0.3% to close at 884.89. "With solid revenue and earnings-per-share performance in the March quarter, Lam is off to a strong start in calendar 2024," Chief Executive Tim Archer said in a [URL='https://www.prnewswire.com/news-releases/lam-research-corporation-reports-financial-results-for-the-quarter-ended-march-31-2024-302126521.html']news release[/URL]. He added, "As our customers address the challenges in scaling semiconductors to meet the power and speed requirements for driving AI transformation, Lam is strengthening its leadership and is well-positioned for the significant opportunities ahead." LRCX stock is in a [URL='https://www.investors.com/how-to-invest/investors-corner/chart-patterns-flat-base-dull-trade-positive-action/']flat base[/URL] with a [URL='https://www.investors.com/how-to-invest/investors-corner/chart-reading-basics-how-a-buy-point-marks-a-time-of-opportunity/']buy point[/URL] of 1,007.39, according to [URL='https://get.investors.com/marketsurge/?src=apa1bq']IBD MarketSurge[/URL] charts. However, in a negative sign, Lam Research is trading well below its [URL='https://www.investors.com/how-to-invest/investors-corner/the-basics-use-the-50-day-moving-average-to-pinpoint-opportunity-or-risk/']50-day moving average line[/URL]. Last week, industry peer [B]ASML[/B] ([URL='https://research.investors.com/quote.aspx?symbol=ASML']ASML[/URL]) posted [URL='https://www.investors.com/news/technology/asml-stock-q1-2024-earnings/']mixed first-quarter results[/URL] and offered guidance below views. ASML stock tumbled after its earnings report. [/QUOTE]
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