Diodes Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Diodes Inc. (DIOD) released a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $80.2 million, or $1.75 per share. This compares with $55.4 million, or $1.22 per share, in last year's second quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $86.9 million or $1.90 per share for the period.

Analysts on average had expected the company to earn $1.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.8% to $501.0 million from $440.4 million last year.

Diodes Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $80.2 Mln. vs. $55.4 Mln. last year. -EPS (Q2): $1.75 vs. $1.22 last year. -Analyst Estimate: $1.74 -Revenue (Q2): $501.0 Mln vs. $440.4 Mln last year.