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Lam Research announced earnings per share of $8.09 on revenue of $4.15B. Analysts polled by Investing.com anticipated EPS of $7.59 on revenue of $4.03B.
Lam Research shares are up 57% from the beginning of the year, still down 5.71% from its 52 week high of $673.80 set on June 1. They are outperforming the S&P 500 which is up 17.17% from the start of the year.
Lam Research shares lost 2.97% in after-hours trade following the report.
Lam Research’s report follows an earnings beat by Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
