Investing.com - Lam Research (NASDAQ:LRCX) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lam Research announced earnings per share of $3.98 on revenue of $2.50B. Analysts polled by Investing.com anticipated EPS of $3.95 on revenue of $2.61B. That with comparison to EPS of $3.7 on revenue of $2.44B in the same period a year before.Lam Research had reported EPS of $4.01 on revenue of $2.58B in the previous quarter.Analysts are expecting EPS of $4.06 and revenue of $2.66B in the upcoming quarter.
Lam Research shares are down 7% from the beginning of the year and are trading at $267.01 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 1.56% year to date.
Lam Research shares lost 1.60% in after-hours trade the report.
Lam Research follows other major Capital Goods sector earnings this month
Lam Research's report follows an earnings missed by ASML ADR on Wednesday, April 15, 2020, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on Tuesday with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.78 on revenue of $15.09B.
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