Netlist (OTCMKTS:NLST) Posts Earnings Results, Misses Expectations By $0.01 EPS

Netlist (OTCMKTS:NLST) announced its earnings results on Thursday. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. The company had revenue of $42.23 million during the quarter, compared to analysts’ expectations of $42.00 million.

Netlist Trading Up 0.0%

Netlist stock opened at $0.61 on Friday. Netlist has a twelve month low of $0.61 and a twelve month high of $1.35. The stock has a 50 day moving average of $0.75 and a two-hundred day moving average of $0.74. The stock has a market capitalization of $188.68 million, a price-to-earnings ratio of -4.39 and a beta of 1.25.

Analyst Ratings Changes

Separately, Wall Street Zen raised Netlist from a “sell” rating to a “hold” rating in a report on Friday, August 22nd.

About Netlist

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.