Categories Earnings, Technology

Netlist falls short of revenue estimate in Q1

Netlist Inc (NASDAQ: NLST) on Tuesday reported a first-quarter loss of $0.03 per share, 3 cents narrower than the prior-year loss, and in line with the Wall Street estimate. Net sales for the quarter fell 42% to $5.1 million, missing the consensus view of $8 million.

NLST shares ended its last trading session up 3.4 % on Tuesday. In the trailing 52 weeks, the stock has gained 135%.

CEO C.K. Hong said, “The results reflect the positive impact of ongoing cost management, which partially compensated for the short-term softness in revenue related to the global erosion in the pricing of server DRAM.

The memory products maker said its gross profit for the quarter ended March 30, 2019, was 5.5% of net sales, compared to 4.3% of net sales for the quarter ended March 31, 2018.

Last month, rival Rambus (NASDAQ: RMBS) reported a loss of 8 cents per share in the first quarter of 2019, even as analysts were expecting earnings of 23 cents per share. Investors sent the stock down over 13% immediately following the disappointing earnings announcement. 

READ: THE CANNABIS-BEVERAGE INDUSTRY IS SOMETHING YOU DON’T WANT TO MISS THIS YEAR

Netlist offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM) and NAND flash, delivering terabyte storage capacities operating at nanosecond memory speeds.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Weibo (WB) Earnings: 1Q21 Key Numbers

Weibo Corporation (NASDAQ: WB) reported first-quarter 2021 earnings results today. Net revenues increased by 42% year-over-year at $458.9 million and 31% increase on a constant currency basis. Net income attributable

Earnings calendar for the week of May 10

Stock markets rallied amid mixed cues on the health of the labor market, with latest data showing that payrolls grew at a slower-than-expected pace while unemployment claims slipped below the

Apple-Epic legal fight could set a new paradigm for mobile app distribution

These days the tech world is abuzz with the legal battle between gadget giant Apple, Inc. (NASDAQ: AAPL) and Epic Games, which has elicited significant media interest. The trial in

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top