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Lam Research Earnings Beat, Revenue Misses In Q3

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April 22, 2020
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imageStock Markets1 hour ago (Apr 22, 2020 04:08PM ET)

(C) Reuters. Lam Research Earnings Beat, Revenue Misses In Q3

Investing.com – Lam Research (NASDAQ:LRCX) reported on Wednesday third quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Lam Research announced earnings per share of $3.98 on revenue of $2.50B. Analysts polled by Investing.com anticipated EPS of $3.95 on revenue of $2.61B. That with comparison to EPS of $3.7 on revenue of $2.44B in the same period a year before. Lam Research had reported EPS of $4.01 on revenue of $2.58B in the previous quarter. Analysts are expecting EPS of $4.06 and revenue of $2.66B in the upcoming quarter.

Lam Research shares are down 7% from the beginning of the year , still down 21.19% from its 52 week high of $344.32 set on February 13. They are under-performing the Nasdaq 100 which is down 1.56% year to date.

Lam Research shares lost 1.60% in after-hours trade following the report.

Lam Research’s report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.

Lockheed Martin had beat expectations on Tuesday with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.78 on revenue of $15.09B.

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

Lam Research Earnings Beat, Revenue Misses In Q3

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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