Lam Research (LRCX) reported Q3 GAAP EPS of $3.88, beating by $0.30. Revenue was $2.5B, missing by $10M. Lam Research shares dropped 4.7% to $259 per share after hours after rising 11.6% during the regular session.
During its recent earnings call, CEO Tim Archer noted concerning COVID-19:
"While we are currently seeing improvements in both our own operations and those of our suppliers, risks and uncertainties related to the COVID-19 crisis remain. Consequently, we will not be providing our usual financial guidance for the June quarter."
Without guidance, it is difficult to analyze the