— Lam Research Corp. (NASDAQ: LRCX) reported its second-quarter 2020 adjusted earnings of $4.01 per share versus $3.85 per share expected.
— Revenue rose by 2% to $2.58 billion versus $2.51 billion expected.
— Deferred revenue at the end of December 2019 quarter fell to $411 million from $481 million in the previous quarter. The balance does not include shipments to customers in Japan, to whom the title does not transfer until customer acceptance.
— Looking ahead into the third quarter, the company expects revenue in the range of $2.6-3.0 billion. The consensus estimates revenue of $2.58 billion.
— The earnings are anticipated to be in the range of $4.06-4.86 per share and adjusted earnings are predicted to be $4.15-4.95 per share. The market analysts predict EPS of $4.00.
— Gross margin is projected to be in the range of 45.4% to 47.4% and the operating margin is predicted to be 26.5% to 28.5% for the third quarter.
— Cash and cash equivalents, short-term investments, and restricted cash and investments balances fell by 16% at the end of the December 2019 quarter from the previous quarter. This was due to share repurchases, dividends paid and capital expenditures.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000