Investing.com - Lam Research reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lam Research announced earnings per share of $10.42 on revenue of $5.07. Analysts polled by Investing.com EPS of $9.56 on revenue of $4.93B.
Lam Research 's are down 54% and is trading at $338.00 , still down 54.90% from its 52 week high of $731.85 set on Tuesday, January 4, 2022.
Lam Research shares gained 2.40% to trade at $338.00 in after-hours trade the report.
Lam Research follows other major Information Technology sector earnings this month
Lam Research's report follows an earnings beat by Taiwan Semiconductor on Thursday, October 13, 2022, who reported EPS of $1.79 on revenue of $20.23B, EPS of $1.65 on revenue of $19.44B.
ASML ADR had beat expectations on Wednesday with third quarter EPS of $4.29 on revenue of $5.78B, for EPS of $3.96 on revenue of $5.68B.
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