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 $5.67 on revenue of $3.18B. Analysts polled by Investing.com anticipated EPS of $5.2 on revenue of $3.11B.
Lam Research shares are up 25% from the beginning of the year, still down 5.34% from its 52 week high of $387.51 set on August 3. They are outperforming the S&P 500 which is up 6.31% from the start of the year.
Lam Research shares gained 0.87% in after-hours trade following the report.
Lam Research follows other major Capital Goods sector earnings this month
Lam Research's report follows an earnings beat by ASML ADR on October 14, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Lockheed Martin had beat expectations on Tuesday with third quarter EPS of $6.25 on revenue of $16.5B, compared to forecast for EPS of $6.09 on revenue of $16.1B.
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