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Lam Research Corporation Q3 adjusted earnings of $3.70 per share

(RTTNews) - Lam Research Corporation (LRCX) announced a profit for third quarter that dropped from the same period last year.

The company's earnings came in at $0.55 billion, or $3.47 per share. This compares with $0.78 billion, or $4.33 per share, in last year's third quarter.

Excluding items, Lam Research Corporation reported adjusted earnings of $0.58 billion or $3.70 per share for the period.

The company's revenue for the quarter fell 15.6% to $2.44 billion from $2.89 billion last year.

Lam Research Corporation earnings at a glance:
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