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Lam Research Earnings Beat, Revenue Misses In Q2 -Breaking

by Mike Robinson

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© Reuters. Lam Research Earnings Beat, Revenue Misses In Q2

Lam Research (NASDAQ 🙂 announced Wednesday the results of their second quarter. They beat analyst forecasts, and reported revenue that was below expectations.

Lam Research reported earnings per share at $8.53 for revenue of $4.23B. Investing.com polled analyst to predict EPS of $8.51 based on $4.41B in revenue.

Lam Research shares have increased 3% since the start of the year. However, they are still 18.47% below the 52-week high of $731.85 on January 4. They outperform the, which is down 13.6% from the beginning of this year.

Lam Research shares fell 9.16% after hours trades following the report.

Lam Research tracks other notable earnings from the Information Technology industry this month

Lam Research’s latest report comes after Microsoft beats expectations on Tuesday with EPS figures of $2.48 for revenue $51.73B. This compares to the forecasts of EPS levels of $2.31 and revenue $50.65B.

Taiwan Semiconductor exceeded expectations by beating forecasts on January 13, with fourth-quarter EPS at $1.16 for revenue of $15.85B. This compares to the $1.12 expected from revenue of $15.69B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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