Investing.com - Lam Research (NASDAQ:LRCX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lam Research announced earnings per share of $6.03 on revenue of $3.46B. Analysts polled by Investing.com anticipated EPS of $5.69 on revenue of $3.33B.
Lam Research shares are up 9% from the beginning of the year, still down 11.88% from its 52 week high of $585.42 set on January 20. They are outperforming the S&P 500 which is down 0.08% from the start of the year.
Lam Research shares gained 0.66% 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 January 20, who reported EPS of $3.91 on revenue of $5.15B, compared to forecasts EPS of $2.97 on revenue of $4.49B.
Boeing had missed expectations on Wednesday with fourth quarter EPS of $-15.25 on revenue of $15.3B, compared to forecast for EPS of $-1.6 on revenue of $15.03B.
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