Diodes Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Diodes Inc. (DIOD) reported a profit for its third quarter that rose from the same period last year.

The company's earnings totaled $30.91 million, or $0.61 per share. This compares with $14.45 million, or $0.29 per share, in last year's third quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $34.53 million or $0.68 per share for the period.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.5% to $320.95 million from $285.25 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q3): $34.53 Mln. vs. $22.63 Mln. last year. -EPS (Q3): $0.68 vs. $0.45 last year. -Analysts Estimate: $0.63 -Revenue (Q3): $320.95 Mln vs. $285.25 Mln last year.