Investing.com - Lam Research reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lam Research announced earnings per share of $8.36 on revenue of $4.30B. Analysts polled by Investing.com EPS of $8.23 on revenue of $4.32B.
Lam Research 's are up 19% and is trading at $549.00 , still down 15.91% from its 52 week high of $673.80 set on Tuesday, June 1, 2021.
Lam Research shares lost 3.11% to trade at $549.00 in after-hours trade 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 Wednesday, who reported EPS of $4.97 on revenue of $6.1B, EPS of $4.61 on revenue of $6.19B.
Fastenal had beat expectations on Tuesday, October 12, 2021 with third quarter EPS of $0.42 on revenue of $1.55B, for EPS of $0.4164 on revenue of $1.54B.
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