Investing.com - Lam Research (NASDAQ:LRCX) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lam Research announced earnings per share of $4.78 on revenue of $2.79B. Analysts polled by Investing.com anticipated EPS of $4.05 on revenue of $2.68B.
Lam Research shares are up 23% from the beginning of the year and are trading at $369.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.86% from the start of the year.
Lam Research shares gained 2.30% 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, July 15, 2020, who reported EPS of $2.04 on revenue of $3.8B, compared to forecasts EPS of $2.25 on revenue of $3.8B.
Honeywell had beat expectations on Friday with second quarter EPS of $1.26 on revenue of $7.48B, compared to forecast for EPS of $1.21 on revenue of $7.29B.
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