Diodes Inc reports results for the quarter ended June 30 - Earnings Summary

• Diodes Inc DIOD.OQ reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of four analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 22 cents to 30 cents per share.

• Revenue rose 14.5% to $366.21 million from a year ago; analysts expected $357.67 million.

• Diodes Inc's reported EPS for the quarter was 99 cents​.

• The company reported quarterly net income of $46.1 million.

• Diodes Inc shares had fallen by 10.8% this quarter and lost 23.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Diodes Inc is $50.00, about 5.7% above its last closing price of $47.17

This summary was machine generated from LSEG data August 8 at 06:09 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)