Lam Research Earnings, Revenue beat in Q3 By Investing.com

Lam Research reported on Wednesday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Lam Research announced earnings per share of $7.49 on revenue of $3.85B. Analysts polled by Investing.com anticipated EPS of $6.6 on revenue of $3.71B.

Lam Research shares are up 35% from the beginning of the year and are trading at $650.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 8.24% from the start of the year.

Lam Research shares gained 1.36% 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 $3.87 on revenue of $5.26B, compared to forecasts EPS of $3.06 on revenue of $4.76B.

Lockheed Martin had beat expectations on Tuesday with first quarter EPS of $6.56 on revenue of $16.26B, compared to forecast for EPS of $6.31 on revenue of $16.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar