Why Is Lam Research (LRCX) Down 5.4% Since Last Earnings Report?

A month has gone by since the last earnings report for Lam Research (LRCX) . Shares have lost about 5.4% in that time frame, underperforming the S&P 500.But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Lam Research due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.Lam Research's ...