Lam Research falls as chipmaker guide fails to impress

Chip equipment maker Lam Research (LRCX) late Wednesday topped analyst estimates for its fiscal first quarter and matched views for the current period. LRCX stock fell on the news. The Fremont, Calif.-based company earned an adjusted $2.20 per share on revenue of $8.22 billion in the quarter ended Sept. 27. Wall Street had modeled earnings of $2.18 per share…