Netlist (OTCMKTS:NLST) Issues Quarterly Earnings Results

Netlist (OTCMKTS:NLST) posted its quarterly earnings results on Thursday. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Zacks reports. The business had revenue of $30.00 million for the quarter, compared to analyst estimates of $30.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%.

Netlist Stock Performance

Shares of NLST stock traded down $0.02 on Friday, hitting $1.05. The company had a trading volume of 498,015 shares, compared to its average volume of 729,704. Netlist has a twelve month low of $0.63 and a twelve month high of $2.97. The firm has a market cap of $285.75 million, a P/E ratio of -4.77 and a beta of 1.07. The stock’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Netlist from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th.

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.