Diodes Inc. (DIOD: Quote) said that it maintained its guidance for the second quarter of 2012. The company still expects second-quarter revenue to be between $155 million and $164 million or up 7 percent to 13 percent sequentially. Analysts polled by Thomson Reuters expect the company to report revenues of $159.56 million for the second-quarter. Analysts' estimates typically exclude special items.
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 earnings per share are anticipated to be approximately 47.2 million.
Click here to receive FREE breaking news email alerts for Diodes Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com