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 $4.01 on revenue of $2.58B. Analysts polled by Investing.com anticipated EPS of $3.84 on revenue of $2.51B. That with comparison to EPS of $3.87 on revenue of $2.52B in the same period a year before. Lam Research had reported EPS of $3.18 on revenue of $2.17B in the previous quarter. Analysts are expecting EPS of $3.96 and revenue of $2.57B in the upcoming quarter.
Lam Research shares are up 1.99% from the beginning of the year and are trading at $311.90 , still down 5.76% from its 52 week high of $316.44 set on January 24. They are under-performing the Nasdaq 100 which is up 3.4% year to date.
Lam Research shares gained 4.59% 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 missed by Boeing on Wednesday, who reported EPS of $-2.33 on revenue of $17.91B, compared to forecasts EPS of $0.6 on revenue of $21.65B.
United Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.94 on revenue of $19.55B, compared to forecast for EPS of $1.84 on revenue of $19.4B.
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