Lam Research tax 4 q beats Street, soft outlook

FREMONT, California (AP) - Lam Research Corp., said Wednesday that its profit in the fourth fiscal quarter fell to 10 per cent and higher in the shadow costs an increase in sales of its semiconductor equipment manufacturing.Results of the company beat Analyst estimates, but CEO Steve newberry predicted results in the September quarter will be "well below"what they were in the quarter to June due to declining expenditures on equipment for the manufacture of chips."" Lam shares fell by 6% in extended trade.For the quarter ending June 26, Lam Research earned $ 126 million, or $1.01 per share, compared to 140 million, or $ 1.10 per share, in the same quarter of the previous year.Excluding non-recurring items, net income of the Lam totalled $1.14 per share. Analysts surveyed by FactSet expected $1.09 per share.Revenues climbed 8 p. 100 to 752 million of $ 695 million a year earlier. Analysts were anticipating $ 749 million.The company operating expenses climbed to 18% to 196.3 million.For the full fiscal year, Lam gained 724 million dollars, or $5.79 per share, compared to 347 million dollars, or $2.71 per share a year earlier. Income increased $ 3.24 billion of $ 2.13 billion a year earlier.Lam fell actions 2.62-$ 39.60 after normal business hours. The commercial finished stock regular $1.61, or 3.7% to $42.22.