Diodes Q2 EPS $1.59 Beats $1.57 Estimate, Sales $467.15M Beat $467.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diodes (NASDAQ:DIOD) reported Q2 earnings of $1.59 per share, beating the analyst consensus estimate of $1.57 by 1.27%. However, this is a 16.32% decrease from the same period last year. The company also reported quarterly sales of $467.15 million, slightly beating the estimate of $467.12 million by 0.01%, but this is a 6.75% decrease from last year.
August 08, 2023 | 8:11 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Diodes' Q2 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertainty in the market.
While Diodes beat the estimates for both earnings and sales, the fact that these figures are down from the same period last year could lead to uncertainty among investors. This could potentially result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100