Diodes Inc. Q2 Profit Falls 41%

(RTTNews) - Diodes Inc. (DIOD) released earnings for second quarter that fell from last year.

The company said its profit dropped to $9.77 million, or $0.20 per share. This was down from $16.57 million, or $0.34 per share, in last year's second quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.8% to $236.64 million. This was up from $219.45 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q2): $9.77 Mln. vs. $16.57 Mln. last year. -Earnings Decline (Y-o-Y): -41.0% -EPS (Q2): $0.20 vs. $0.34 last year. -EPS Decline (Y-o-Y): -41.2% -Analysts Estimate: $0.20 -Revenue (Q2): $236.64 Mln vs. $219.45 Mln last year. -Revenue Change (Y-o-Y): 7.8%

-Guidance: Next quarter revenue guidance: $242 - $258 Mln