Netlist (OTCMKTS:NLST) Posts Earnings Results, Hits Expectations

Key Points

• Netlist reported an earnings per share (EPS) of ($0.02) for the quarter, which matched analyst expectations.
• The company's revenue of $41.71 million exceeded forecasts of $30.00 million.
• Netlist's stock price rose by 0.5% to $0.71 after the earnings announcement, with a market capitalization of $207.06 million.

Netlist (OTCMKTS:NLST - Get Free Report) issued its earnings results on Thursday. The semiconductor company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates of ($0.02), Zacks reports. The firm had revenue of $41.71 million for the quarter, compared to analysts' expectations of $30.00 million.

Netlist Trading Up 1.1%

NLST stock traded up $0.01 during trading on Tuesday, reaching $0.70. 36,810 shares of the stock were exchanged, compared to its average volume of 810,948. The business has a 50 day moving average price of $0.69 and a 200-day moving average price of $0.79. Netlist has a 1 year low of $0.61 and a 1 year high of $1.38. The firm has a market capitalization of $203.26 million, a price-to-earnings ratio of -4.96 and a beta of 0.96.

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.