Diodes, Inc. (DIOD) Tightens Q2 Revs Outlook

Diodes, Inc. (Nasdaq: DIOD) provided updated guidance for the second quarter ending June 30, 2014.

The Company currently expects second quarter revenue to range between $218 million and $227 million, or up 3.9 percent to 8.1 percent sequentially, compared to its original guidance of between $216 million and $229 million, or up 2.9 percent to 9.1 percent sequentially. Additionally, Diodes is raising its gross profit margin guidance from 30.5 percent, plus or minus 2 percent, to 31.0 percent, plus or minus 2 percent. Diodes is maintaining its prior guidance for operating expenses to be approximately 21.8 percent of revenue, plus or minus 1 percent, income tax rate to range between 19 and 25 percent, and shares used to calculate GAAP earnings per share to be approximately 48.2 million.

*** The Street sees Q2 revs of $222.9 million and EPS of $.33.

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