Diodes Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Diodes Inc. (DIOD) announced earnings for its first quarter that increased from the same period last year.

The company's bottom line totaled $31.72 million, or $0.62 per share. This compares with $18.53 million, or $0.37 per share, in last year's first quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $35.39 million or $0.69 per share for the period.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $302.29 million from $274.51 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q1): $35.39 Mln. vs. $24.19 Mln. last year. -EPS (Q1): $0.69 vs. $0.48 last year. -Analysts Estimate: $0.60 -Revenue (Q1): $302.29 Mln vs. $274.51 Mln last year.