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Diodes Beats by a Penny – Analyst Blog
Zacks Market Commentaries (November 3rd, 2009) Writes:
Diodes Inc. (DIOD) posted third quarter results after the closing bell on Monday. The company swung to a GAAP net profit of $7.0 million, from GAAP net loss of $3.0 million and $4.6 million in the previous and year-ago quarters, respectively. Excluding certain special items, pro forma earnings per share came in at 21 cents, edging past the Zacks Consensus Estimate by a penny.
Diodes is a global designer, manufacturer and supplier of application specific standard products serving the consumer electronics, computing, communications, industrial and automotive markets. The company’s product portfolio includes diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, amplifiers and comparators, Hall-effect sensors, temperature sensors and power management devices.
The company reported an 8.9% year-over-year decline in revenues to $122.1 million, but grew by 17.5% on a sequential basis. The sequential expansion was driven by a recovery in the demand for Diodes’ products ...
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