Investing.com - Lam Research (NASDAQ:LRCX) reported on Wednesday first quarter earnings 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 and are trading at $338.00 , down-from-52-week-high.
Lam Research shares gained 2.40% in after-hours trade 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 Thursday, October 13, 2022, 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.
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