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Lam Research announced earnings per share of $10.42 on revenue of $5.07. Analysts polled by Investing.com anticipated EPS of $9.56 on revenue of $4.93B.
Lam Research shares are down 54% from the beginning of the year, still down 54.90% from its 52 week high of $731.85 set on January 4.
Lam Research shares gained 2.40% in after-hours trade following the report.
Lam Research’s report follows an earnings beat by Taiwan Semiconductor on October 13, who reported EPS of $1.79 on revenue of $20.23B, compared to forecasts 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, compared to forecast for EPS of $3.96 on revenue of $5.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
