Netlist shares jumped by 55 cents, or 20.8%, to $3.20 after the memory subsystems maker said its first-quarter loss narrowed to 14 cents a share from a year-ago loss of 19 cents a share. A single analyst covering Netlist had forecasted a loss of 18 cents a share.
Netlist said revenue in the quarter surged 265% from a year ago to $7.9 million, well ahead of the lone analyst target of $5.10 million. Netlist's volume topped 2.53 million shares, compared to the 50-day average daily volume of 867,000, according to the Nasdaq.
Elsewhere, AEterna Zentaris (AEZS) jumped by 37 cents, or 16.2%, to $2.65 after the Food and Drug Administration approved the Investigational New Drug (IND) application for its doxorubicin targeted conjugate compound, AEZS-108, in bladder cancer.
Cancer: 13 Stocks with New Data
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