Netlist (OTCMKTS:NLST) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Netlist (OTCMKTS:NLST) issued its earnings results on Tuesday. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04, Zacks reports.

Netlist Price Performance

OTCMKTS NLST traded up $0.26 during trading on Tuesday, reaching $3.71. 3,879,714 shares of the company’s stock were exchanged, compared to its average volume of 1,528,974. The business has a 50 day moving average price of $1.76 and a 200-day moving average price of $1.18. The stock has a market capitalization of $1.19 billion, a P/E ratio of -46.38 and a beta of 1.33. Netlist has a fifty-two week low of $0.45 and a fifty-two week high of $3.97.

About Netlist

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.