Earnings Results: Lam Research notes fresh supply-chain issues, hurting stock and casting pall over chip-equipment sector

Lam Research Corp. shares plunged in late trading Wednesday after the chip-equipment supplier reported worse-than-expected fiscal second-quarter revenue and third-quarter guidance, which the chief executive attributed to “supply-chain conditions.”

Lam Research Corp. shares plunged in late trading Wednesday after the chip-equipment supplier reported worse-than-expected fiscal second-quarter revenue and third-quarter guidance, which the chief executive attributed to “supply-chain conditions.”