Diodes Inc. Q2 adjusted earnings Beat Estimates

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

The company's bottom line came in at $55.4 million, or $1.22 per share. This compares with $21.0 million, or $0.40 per share, in last year's second quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $54.6 million or $1.20 per share for the period.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 52.5% to $440.4 million from $288.7 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q2): $54.6 Mln. vs. $28.6 Mln. last year. -EPS (Q2): $1.20 vs. $0.54 last year. -Analysts Estimate: $1.12 -Revenue (Q2): $440.4 Mln vs. $288.7 Mln last year.