Diodes Inc. Earnings Decline 70% In Q3

(RTTNews) - Diodes Inc. (DIOD) revealed a profit for third quarter that declined from last year.

The company said its profit totaled $6.31 million, or $0.13 per share. This was down from $21.19 million, or $0.43 per share, in last year's third quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.6% to $208.89 million. This was down from $233.78 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q3): $6.31 Mln. vs. $21.19 Mln. last year. -Earnings Decline (Y-o-Y): -70.2% -EPS (Q3): $0.13 vs. $0.43 last year. -EPS Decline (Y-o-Y): -69.8% -Analysts Estimate: $0.30 -Revenue (Q3): $208.89 Mln vs. $233.78 Mln last year. -Revenue Change (Y-o-Y): -10.6%

-Guidance: Next quarter revenue guidance: $191 - $209 Mln