Diodes Inc. Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - Diodes Incorporated (DIOD) reported first-quarter net income attributable to stockholders of $10.2 million or $0.21 per share, compared to net loss of $1.9 million or $0.04 per share, last year.

Adjusted net income was $12.4 million or $0.26 per share, up from $7.5 million or $0.16 per share in the prior-year period. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 18.6% to $209.99 million, from $176.96 million, while eight analysts expected revenue of $209.07 million for the quarter.

For the second quarter of 2014, the company expects revenue to range between $216 million and $229 million. Analysts expect the company to report second-quarter revenue of $222.40 million.