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

Netlist (OTCMKTS:NLST) posted its quarterly earnings data on Thursday. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. The company had revenue of $42.23 million for the quarter, compared to analyst estimates of $42.00 million.

Netlist Trading Up 0.4%

OTCMKTS:NLST traded up $0.00 during trading hours on Friday, hitting $0.62. 303,689 shares of the company traded hands, compared to its average volume of 871,592. Netlist has a twelve month low of $0.61 and a twelve month high of $1.35. The firm has a 50-day moving average of $0.75 and a 200 day moving average of $0.75. The stock has a market capitalization of $189.39 million, a price-to-earnings ratio of -4.40 and a beta of 1.25.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Netlist from a “sell” rating to a “hold” rating in a research 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.