Netlist (NASDAQ:NLST) Announces Quarterly Earnings Results

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.

In other Netlist news, CEO Chun K. Hong sold 150,000 shares of Netlist stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $0.35, for a total value of $52,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.90% of the stock is currently owned by insiders.

About Netlist

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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Earnings History for Netlist (NASDAQ:NLST)

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