Diodes Inc. Profit Retreats 54% In Q1

(RTTNews) - Diodes Inc. (DIOD) revealed earnings for first quarter that dropped compared to the same period last year.

The company said its profit came in at $5.89 million, or $0.12 per share. This was lower than $12.73 million, or $0.26 per share, in last year's first quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.0% to $222.74 million. This was up from $206.18 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q1): $5.89 Mln. vs. $12.73 Mln. last year. -Earnings Decline (Y-o-Y): -53.7% -EPS (Q1): $0.12 vs. $0.26 last year. -EPS Decline (Y-o-Y): -53.8% -Analysts Estimate: $0.09 -Revenue (Q1): $222.74 Mln vs. $206.18 Mln last year. -Revenue Change (Y-o-Y): 8.0%

-Guidance: Next quarter revenue guidance: $230 - $240 Mln