Diodes Q3 Adj $1.13 Misses $1.22 Estimate, Sales $404.60M Miss $425.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diodes (NASDAQ:DIOD) reported Q3 earnings of $1.13 per share, missing the analyst consensus estimate of $1.22 by 7.38%. This is a 43.5% decrease from the same period last year. The company also reported quarterly sales of $404.60 million, missing the analyst consensus estimate of $425.75 million by 4.97%. This is a 22.38% decrease from the same period last year.
November 08, 2023 | 9:11 pm
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Diodes reported lower than expected Q3 earnings and sales, with a significant YoY decrease. This could negatively impact the stock price in the short term.
Diodes reported a miss on both earnings and sales estimates for Q3, with a significant decrease from the same period last year. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
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RELEVANCE 100