Netlist (NLST) Announces Earnings Results, Misses Estimates By $0.01 EPS

Netlist (NASDAQ:NLST) posted its quarterly earnings results on Thursday. The semiconductor company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), Morningstar.com reports. The company had revenue of $7.20 million for the quarter, compared to analysts’ expectations of $8.90 million.

NLST traded down $0.06 on Friday, reaching $0.39. 1,249,934 shares of the company’s stock were exchanged, compared to its average volume of 4,536,808. Netlist has a twelve month low of $0.10 and a twelve month high of $1.10.

Separately, Zacks Investment Research upgraded shares of Netlist from a “sell” rating to a “hold” rating in a research report on Friday, September 21st.

COPYRIGHT VIOLATION WARNING: “Netlist (NLST) Announces Earnings Results, Misses Estimates By $0.01 EPS” was first reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.wkrb13.com/2018/11/11/netlist-nlst-announces-earnings-results-misses-estimates-by-0-01-eps.html.

Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

Recommended Story: Relative Strength Index

Earnings History for Netlist (NASDAQ:NLST)

Receive News & Ratings for Netlist Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply