Diodes Inc Earnings: Here’s Why Shares are Up Now

Diodes Incorporated (NASDAQ:DIOD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.59%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Diodes Incorporated Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 77.78% to $0.16 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 22.36% to $177 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Diodes Incorporated reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.07. It beat the average revenue estimate of $176.36 million.

Quoting Management: Commenting on the results, Dr. Keh-Shew Lu, President and Chief Executive Officer, stated, “I am pleased to report that Diodes achieved record quarterly revenue despite the typical seasonal softness in the quarter and the slowdown at certain key OEMs. Our sequential revenue growth was due to the result of our continued design win momentum, as well as, one month of revenue contribution from our acquisition of BCD.”[…],”Overall, we believe the first quarter sets the stage for continued growth and margin improvement in the second quarter, which will represent our first full quarter with BCD.”

Key Stats (on next page)…

Revenue increased 8.4% from $163.29 million in the previous quarter. EPS increased 23.08% from $0.13 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.19 and has not changed. For the current year, the average estimate has moved up from a profit of $0.92 to a profit of $0.97 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)