Diodes Incorporated Reports First Quarter 2016 Financial Results

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Diodes (DIOD) Tops Q1 EPS by 3c

May 5, 2016 4:40 PM EDT

Diodes (NASDAQ: DIOD) reported Q1 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $222.7 million versus the consensus estimate of $224.3 million.

Commenting on the results, Dr. Keh-Shew Lu, President and Chief Executive Officer, stated, During the first quarter, we achieved a 370 basis point sequential improvement in non-GAAP gross profit margin as a result of a full quarter of Pericom and improved product mix due to strong growth in our... More