Netlist (NASDAQ:NLST) issued its earnings results on Thursday. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02), Bloomberg Earnings reports. The firm had revenue of $5.51 million during the quarter, compared to analysts’ expectations of $6.00 million.
Netlist stock remained flat at $$0.32 during trading hours on Friday. 667,225 shares of the company’s stock traded hands, compared to its average volume of 549,479. Netlist has a twelve month low of $0.10 and a twelve month high of $1.10. The stock has a 50-day moving average price of $0.34.
Separately, Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.
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.
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