Diodes Incorporated Earnings: Everything You Must Know Now

Diodes Incorporated (NASDAQ:DIOD) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Diodes Incorporated Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 35% to $0.13 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 13.95% to $163.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Diodes Incorporated reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.06. It missed the average revenue estimate of $163.59 million.

Quoting Management: Commenting on the results, Dr. Keh-Shew Lu, President and Chief Executive Officer of Diodes Incorporated, stated, “Diodes once again delivered solid financial results in 2012, a year in which the global markets remained challenging. Fourth quarter revenue grew 14 percent over the prior year period as we continued to gain momentum for our products used in smartphones and tablets. Our new product initiatives and increasing customer content remained key drivers of our market share gains throughout the year. Despite gold prices being up approximately 4 percent and the loading down from third quarter to fourth quarter, margins improved due mainly to additional copper wire conversion and productivity improvements, coupled with a small mix improvement. Also during the quarter, we began integrating Eris Technology Corporation (“Eris”) and PAM.”

Key Stats (on next page)…

Revenue decreased 1.99% from $166.62 million in the previous quarter. EPS decreased 35% from $0.20 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 $0.09 and has not changed. For the current year, the average estimate has moved down from a profit of $0.51 to a profit of $0.48 over the last ninety days.

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