Diodes (DIOD) Affirms Q212 Outlook

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Diodes Incorporated (Nasdaq: DIOD), is maintaining its guidance for the second quarter of 2012, which includes the expectation that revenue will range between $155 million and $164 million, or up 7 percent to 13 percent sequentially. Gross margin is expected to be 26 percent, plus or minus 2 percent. Operating expenses, without consideration of any gain on the sale of assets in the first quarter of 2012, are expected to be down slightly from first quarter on a percent of revenue basis. The income tax rate for the second quarter is expected to range between 7 and 13 percent, and shares used to calculate GAAP EPS are anticipated to be approximately 47.2 million.

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