Diodes Inc. (DIOD) Thursday reported first-quarter loss of $1.9 million or $0.04 per share, compared to a profit of $4.9 million or $0.10 per share in the same period last year.
Adjusted earnings for the quarter was $7.5 million or $0.16 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased 22.3 percent to $177.0 million from $144.7 million last year. Analysts expected revenues of $176.36 million.
Looking ahead to the second quarter, the company anticipates revenues to range between $206 million and $218 million. Analysts currently expect revenues of $211.51 million for the second quarter.
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