Netlist (OTCMKTS:NLST) Issues Earnings Results, Misses Estimates By $0.02 EPS

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

Netlist Stock Down 1.4 %

Netlist stock traded down $0.02 during mid-day trading on Friday, reaching $1.05. 498,015 shares of the company’s stock traded hands, compared to its average volume of 729,704. The company has a market cap of $285.75 million, a price-to-earnings ratio of -4.77 and a beta of 1.07. The stock has a 50 day moving average of $0.82 and a two-hundred day moving average of $0.94. Netlist has a 12-month low of $0.63 and a 12-month high of $2.97.

Wall Street Analyst Weigh In

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

Netlist Company Profile

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.