Diodes Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Diodes Inc. (DIOD) announced a profit for its second quarter that advanced from last year.

The company's profit came in at $25.07 million, or $0.49 per share. This compares with $13.18 million, or $0.26 per share, in last year's second quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $29.3 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.1% to $304.08 million from $264.22 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q2): $29.3 Mln. vs. $17.8 Mln. last year. -EPS (Q2): $0.58 vs. $0.36 last year. -Analysts Estimate: $0.53 -Revenue (Q2): $304.08 Mln vs. $264.22 Mln last year.

-Guidance: Next quarter EPS guidance: $0.58