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Lam Research Earnings, Revenue Beat in Q3

Stock Markets2 minutes ago (Apr 21, 2021 04:09PM ET)

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

Investing.com – Lam Research (NASDAQ:LRCX) 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, still down 4.15% from its 52 week high of $669.00 set on April 8. 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 following the report.

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

Lam Research Earnings, Revenue Beat in Q3

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