Lam Research (NASDAQ:LRCX) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $3.18 on revenue of $2.17B. Analysts polled by anticipated EPS of $3.01 on revenue of $2.16B. That compared to EPS of $3.36 on revenue of $2.33B in the same period a year earlier. The company had reported EPS of $3.62 on revenue of $2.36B in the previous quarter.
Lam Research shares gained 6.38% to trade at $248.00 in after-hours trade following the report.
Lam Research follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported third quarter EPS of $1.45 on revenue of $19.98B, compared to forecasts of EPS of $2.08 on revenue of $19.56B.
Honeywell earnings beat analysts' expectations on October 17, with third quarter EPS of $2.08 on revenue of $9.09B. analysts expected EPS of $2.01 on revenue of $9.12B
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
