Netlist (NASDAQ:NLST) Releases Earnings Results, Meets Expectations

Netlist (NASDAQ:NLST) issued its quarterly earnings results on Thursday. The semiconductor company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), Bloomberg Earnings reports. The firm had revenue of $5.51 million for the quarter, compared to analysts’ expectations of $6.00 million.

Shares of NLST remained flat at $$0.32 during mid-day trading on Friday. 667,225 shares of the company traded hands, compared to its average volume of 549,479. The business has a fifty day moving average price of $0.34. Netlist has a twelve month low of $0.10 and a twelve month high of $1.10.

In related news, CEO Chun K. Hong sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $0.35, for a total value of $52,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.90% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research upgraded shares of Netlist from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th.

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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