Diodes Tightens Q2 Revenue Outlook

(RTTNews) - Semiconductor supplier Diodes Inc. (DIOD), Monday tightened its revenue outlook and also lifted its gross margin guidance for the second quarter.

Plano, Texas-based Diodes now expect second-quarter revenues between $218 million and $227 million, compared to its initial outlook between $216 million and $229 million. On average, eight analysts polled by Thomson Reuters currently expect revenues of $222.93 million for the second quarter.

Diodes makes electronic components used in computers and DVD players.

The company lifted its gross margin guidance range to 31 percent, plus or minus 2 percent, from prior outlook of 30.5 percent, plus or minus 2 percent.

Diodes maintained its outlook for operating expenses at about 21.8 percent of revenue, plus or minus 1 percent, and income tax rate to range between 19 and 25 percent.

DIOD closed Monday's trading at $29.47, up $0.02 or 0.07%, on a volume of 0.34 million shares, on the Nasdaq. The stock further gained $0.07 or $0.24% in after-hours trade.