Lam Research (NASDAQ:LRCX) reported quarterly earnings of $1.47 per share which beat the analyst consensus estimate of $1.36 by 8.09 percent. This is a 41.35 percent increase over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $5.841 billion which beat the analyst consensus estimate of $5.779 billion by 1.06 percent. This is a 23.75 percent increase over sales of $4.720 billion the same period last year.