Lam Research Stock Jumps On Fiscal Q4 Beat-And-Raise Report

Lam Research (LRCX) late Wednesday beat analyst estimates for its fiscal fourth quarter and with its guidance for the current period. LRCX stock rose in extended trading. The Fremont, Calif.-based semiconductor equipment vendor earned an adjusted $1.82 per share on sales of $6.72 billion in the quarter ended June 28. Wall Street was modeling earnings of $1.69 per share on…