Investing.com - Lam Research (NASDAQ:LRCX) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lam Research announced earnings per share of $8.83 on revenue of $4.64B. Analysts polled by Investing.com anticipated EPS of $7.34 on revenue of $4.22B.
Lam Research shares are down 34% from the beginning of the year, still down 36.10% from its 52 week high of $731.85 set on January 4. They are under-performing the Nasdaq 100 which is down 22.79% from the start of the year.
Lam Research shares lost 0.01% in after-hours trade following the report.
Lam Research follows other major Information Technology sector earnings this month
Lam Research's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
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