Netlist (NASDAQ:NLST) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01), Morningstar.com reports. The firm had revenue of $7.20 million for the quarter, compared to analysts’ expectations of $8.90 million.
Shares of NLST stock traded down $0.06 during trading hours on Friday, hitting $0.39. 1,249,934 shares of the company’s stock traded hands, compared to its average volume of 4,536,808. Netlist has a 12 month low of $0.10 and a 12 month high of $1.10.
Separately, Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a research note on Friday, September 21st.
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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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