Netlist (OTCMKTS:NLST) Issues Earnings Results

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

Netlist Trading Up 0.0%

OTCMKTS:NLST traded up $0.00 on Friday, reaching $0.61. 303,689 shares of the stock traded hands, compared to its average volume of 871,838. Netlist has a 1-year low of $0.61 and a 1-year high of $1.35. The company’s 50 day moving average is $0.75 and its 200-day moving average is $0.75. The firm has a market capitalization of $188.68 million, a price-to-earnings ratio of -4.39 and a beta of 1.25.

Wall Street Analysts Forecast Growth

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

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.