Netlist (OTCMKTS:NLST) Issues Quarterly Earnings Results

Netlist (OTCMKTS:NLST - Get Free Report) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02), Zacks reports. The firm had revenue of $30.00 million for the quarter, compared to analysts' expectations of $30.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%.

Netlist Trading Down 5.1 %

Shares of Netlist stock traded down $0.05 on Tuesday, reaching $0.97. 384,759 shares of the company were exchanged, compared to its average volume of 716,521. Netlist has a fifty-two week low of $0.63 and a fifty-two week high of $2.97. The firm has a market capitalization of $266.12 million, a price-to-earnings ratio of -4.41 and a beta of 1.07. The stock has a fifty day moving average price of $0.83 and a 200-day moving average price of $0.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.