2 months ago
Stock Market

Lam Research Earnings, Revenue beat in Q2

Investing.com - Lam Research (NASDAQ:LRCX) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped

Investing.com - Lam Research (NASDAQ:LRCX) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of $3.87 on revenue of $2.52B. Analysts polled by Investing.com forecast EPS of $3.66 on revenue of $2.5B. That compared to EPS of $4.34 on revenue of $2.58B in the same period a year earlier. The company had reported EPS of $3.36 on revenue of $2.33B in the previous quarter.

Lam Research shares gained 3.42% to trade at $144.09 in after-hours trade following the report.

Lam Research follows other major Capital Goods sector earnings this month


On Wednesday, United Technologies reported fourth quarter EPS of $1.95 on revenue of $18.04B, compared to forecasts of EPS of $1.55 on revenue of $16.8B.

ASML ADR earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $1.87 on revenue of $3.14B. Investing.com analysts expected EPS of $2.11 on revenue of $3.41B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar