Diodes Inc. (DIOD) 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.
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