Jim Cramer shared his insights on GE Vernova, Veralto, Eastman Chemical, and Lam Research during CNBC’s ‘Mad Money Lightning Round’. He expressed optimism about GE Vernova’s potential in the environmental sector and highlighted Veralto’s strong management. Cramer also favored Eastman Chemical as a top plastic stock and advised a cautious approach to Lam Research.
Lam Research Corporation (NASDAQ: LRCX) reported impressive financial results for the third quarter of 2024, beating analyst estimates for both earnings per share (EPS) and revenue. The company reported an EPS of $7.79, exceeding the consensus estimate of $7.29 by a significant margin of $0.50. Revenue for the quarter reached $3.79 billion, surpassing the consensus estimate of $3.72 billion. Lam Research also provided guidance for the fourth quarter of 2024, projecting revenue between $3.50 billion and $4.10 billion, slightly below the analyst consensus of $3.77 billion.
