BUZZ - Lam Research falls after first quarter earnings report

October 21 - ** Chip equipment manufacturer Lam Research LRCX.O shares fell 6.1% in after-hours trading to $15.9

** According to data compiled by London Stock Exchange Group (LSEG), LRCX's first-quarter revenue was $8.22 billion, slightly above analysts' expectation of $8.15 billion

** The company announced first-quarter adjusted earnings per share of $2.20, above analysts' forecast of $2.18

** Earnings per share quarter-over-quarter growth rate slowed to 21%

** Out of 34 analysts, 30 gave the stock a "strong buy" or "buy" rating, while 4 assigned a "hold" rating; the median target price was $380—data compiled by LSEG

** As of the previous trading day's close, LRCX has declined 52.4% so far this year

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