© Reuters. Lam Research Earnings, Revenue Beat in Q1
Investing.com – Lam Research (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Lam Research announced earnings per share of $10.42 on revenue of $5.07. Analysts polled by Investing.com anticipated EPS of $9.56 on revenue of $4.93B.
Lam Research shares are down 54% from the beginning of the year, still down 54.90% from its 52 week high of $731.85 set on January 4.
Lam Research shares gained 2.40% in after-hours trade following the report.
Lam Research follows other major Information Technology sector earnings this month
Lam Research’s report follows an earnings beat by Taiwan Semiconductor on October 13, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, compared to forecast for EPS of $3.96 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar