FX.co ★ Diodes Inc. Q2 Profit Decreases, But Beats Estimates

Diodes Inc. (DIOD) has released its earnings report for the second quarter, showing a decrease compared to the same period last year but still surpassing Wall Street estimates.

For this period, the company reported earnings of $8 million, or $0.17 per share, in contrast to $82 million, or $1.77 per share, in the second quarter of the previous year.

On an adjusted basis, excluding special items, Diodes Inc. reported earnings of $15.4 million, or $0.33 per share.

According to Thomson Reuters, analysts had, on average, anticipated earnings of $0.30 per share, typically excluding special items.

The company's revenue for the quarter saw a decrease of 31.5%, dropping to $319.771 million from $467.152 million the previous year.

Key Financials (GAAP):

- **Earnings (Q2):** $8 million vs. $82 million last year.

- **Earnings Per Share (Q2):** $0.17 vs. $1.77 last year.

- **Revenue (Q2):** $319.771 million vs. $467.152 million last year.

**Guidance:**

For the next quarter, the company expects revenue to be approximately $346 million.