Investing.com - Lam Research (NASDAQ:LRCX) reported third quarter earnings that Beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $3.7 on revenue of $2.44B. Analysts polled by Investing.com expected EPS of $3.38 on revenue of $2.4B. That compared to EPS of $4.79 on revenue of $2.89B in the same period a year earlier. The company had reported EPS of $3.87 on revenue of $2.52B in the previous quarter.
Lam Research shares gained 3.87% to trade at $203.00 in after-hours trade following the report.
Lam Research follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.23 on revenue of $23.05B.
Honeywell earnings Beat analysts' expectations on April 18, with first quarter EPS of $1.92 on revenue of $8.88B. Investing.com analysts expected EPS of $1.83 on revenue of $8.63B
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