© Reuters. Lam Research Earnings, Revenue Beat Third Quarter
Investing.com – Lam Research (NASDAQ 🙂 reported Wednesday, the third quarter, that analysts’ forecasts and revenue exceeded expectations.
Lam Research announced earnings per share of $ 7.49 on sales of $ 3.85 billion. Analysts polled by Investing.com expected earnings per share of $ 6.6 on sales of $ 3.71 billion.
Lam Research stock was up 35% year-to-date and is still down 4.15% from its 52-week high of $ 669.00 on April 8th. They outperform the Nasdaq, which is up 8.24% year-to-date.
Lam Research shares rose 1.36% over the counter, following the report.
Lam Research follows other major capital goods earnings this month
The Lam Research report follows a jump in earnings for ASML ADR on Wednesday, which reported earnings per share of $ 3.87 on revenue of $ 5.26 billion, compared with forecast earnings per share of $ 3.06 for one Revenue of $ 4.76 billion.
Lockheed Martin beat expectations Tuesday with earnings per share of $ 6.56 on revenue of $ 16.26 billion, compared to a forecast for earnings per share of $ 6.31 on revenue of 16.38 Billion USD.
Stay up to date on all upcoming earnings reports by visiting Investing.com’s earnings calendar
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