Lam Research (NASDAQ:LRCX) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
The firm reported earnings per share of $3.62 on revenue of $2.36B. Analysts polled by anticipated EPS of $3.42 on revenue of $2.36B. That compared to EPS of $5.31 on revenue of $3.13B in the same period a year earlier. The company had reported EPS of $3.7 on revenue of $2.44B in the previous quarter.
Lam Research shares lost 1.73% to trade at $205.00 in after-hours trade following the report.
Lam Research follows other major Capital Goods sector earnings this month
On July 24, Boeing reported second quarter EPS of $-5.82 on revenue of $15.75B, compared to forecasts of EPS of $-6.69 on revenue of $15.05B.
Honeywell earnings beat analysts' expectations on July 18, with second quarter EPS of $2.1 on revenue of $9.24B. analysts expected EPS of $2.08 on revenue of $9.35B
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