Diodes Q4 Adj $0.51 Beats $0.49 Estimate, Sales $322.70M Miss $324.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diodes Inc. (DIOD) reported Q4 earnings of $0.51 per share, surpassing the $0.49 estimate, but saw a 70.52% decrease from last year's $1.73. Sales of $322.70M fell short of the $324.77M estimate, marking a 34.97% decline from the previous year's $496.21M.
February 06, 2024 | 9:19 pm
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Diodes Inc. reported higher-than-expected Q4 earnings but missed sales estimates, with significant declines from the previous year.
While Diodes Inc. exceeded earnings expectations, the miss on sales estimates and the substantial year-over-year declines in both earnings and sales could lead to mixed investor sentiment. The positive earnings surprise may support the stock price, but the sales miss and significant declines compared to the previous year could temper any potential gains.
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