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

Netlist (OTCMKTS:NLST) posted its earnings results 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. The company had revenue of $30.00 million during the quarter, compared to analyst estimates of $30.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%.

Netlist Trading Down 1.4 %

OTCMKTS NLST traded down $0.02 on Friday, hitting $1.05. 498,015 shares of the stock traded hands, compared to its average volume of 729,704. The stock has a 50-day moving average of $0.82 and a 200 day moving average of $0.94. Netlist has a twelve month low of $0.63 and a twelve month high of $2.97. The company has a market capitalization of $285.75 million, a P/E ratio of -4.77 and a beta of 1.07.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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.