Lam Research Authorizes $5 Billion Share Repurchase
12 May 2022 - 7:53AM
Dow Jones News
By Maria Armental
Lam Research Corp.'s board authorized $5 billion to buy back
stock.
The $5 billion authorization supplements the remaining balances
from prior authorizations and has no termination date, the company
said.
For the nine months through March, the company reported a profit
of $3.4 billion and $12.59 billion in revenue, up from a profit of
$2.76 billion and $10.48 billion in revenue for the comparable
nine-month period a year earlier.
California-based Lam Research supplies wafer fabrication
equipment and services to the semiconductor industry.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 11, 2022 17:38 ET (21:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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