USA: weekly earnings summary 24. Oct
The NASDAQ-100 index fell 1,94% last week as the earnings season picked up pace. The results painted a mixed picture: although many companies reported strong profits, investors harshly punished those that provided cautious future guidance. This highlights a growing focus on outlooks rather than past performance.
LRCXLam Research (LRCX)
Despite a record 79,5% profit growth in the third quarter, supported by strong demand for equipment, Lam Research's stock plummeted. The sell-off was triggered by a weaker-than-expected forecast for the next quarter, raising concerns about a slowdown in the semiconductor industry. The stock ended the week with a 17,1% decline.
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