Lam Research Shares Fall 8% After Supply Constraints Delay Shipments
Lam Research reported record fiscal first-quarter results but said supply constraints are delaying some shipments and China revenue contribution would fall in the December quarter. Shares fell about 8% to $242 in overnight trading late Wednesday.
Lam Research (LRCX) shares slid about 8% to $242 in overnight trading late Wednesday, despite the chip-equipment maker reporting record fiscal first-quarter results. The company said supply constraints were delaying some shipments and warned that China’s revenue contribution would decline in the December quarter.