Diodes Inc Earnings: Here’s Why Investors are Ambivalent Now
Diodes Incorporated (NASDAQ:DIOD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Diodes Incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 135.71% to $0.33 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 34.64% to $214.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Diodes Incorporated reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $214.1 million.
Quoting Management: Commenting on the results, Dr. Keh-Shew Lu, President and Chief Executive Officer, stated, “Our past design win momentum and new product initiatives, combined with our first full quarter of BCD Semiconductor, contributed to the achievement of record quarterly revenue and increased market share despite the slowdown at certain major OEM customers and continued weakness in the PC market.
Key Stats (on next page)…