Lam Research Reports Quarterly Earnings Beat and Declares Dividend
Lam Research reported quarterly EPS of $1.82, above the $1.69 consensus, with revenue of $6.72 billion versus $6.66 billion expected. The company declared a quarterly dividend of $0.33 per share, payable Oct. 14, with an Sept. 23 record date. An institutional investor cut its stake by 15.8% after selling 11,284 shares.