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Lam Research announced earnings per share of $8.53 on revenue of $4.23B. Analysts polled by Investing.com anticipated EPS of $8.51 on revenue of $4.41B.
Lam Research shares are up 3% from the beginning of the year, still down 18.47% from its 52 week high of $731.85 set on January 4. They are outperforming the Nasdaq 100 which is down 13.16% from the start of the year.
Lam Research shares lost 9.16% in after-hours trade following the report.
Lam Research’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.48 on revenue of $51.73B, compared to forecasts EPS of $2.31 on revenue of $50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of $1.16 on revenue of $15.85B, compared to forecast for EPS of $1.12 on revenue of $15.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
