Netlist (OTCMKTS:NLST) Releases Earnings Results, Misses Expectations By $0.02 EPS

Netlist (OTCMKTS:NLST) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $30.00 million during the quarter, compared to analyst estimates of $30.00 million.

Netlist Stock Performance

Shares of OTCMKTS NLST opened at $1.03 on Friday. The stock has a market cap of $280.31 million, a price-to-earnings ratio of -4.68 and a beta of 1.07. Netlist has a 52 week low of $0.63 and a 52 week high of $2.97. The business has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $0.94.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Netlist from a “hold” rating to a “sell” rating in a 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.