Diodes Q1 Adj $0.28 Misses $0.31 Estimate, Sales $301.97M Miss $305.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diodes (NASDAQ:DIOD) reported Q1 earnings of $0.28 per share, missing the consensus estimate of $0.31, marking a 82.39% decrease from last year's $1.59 per share. Sales were $301.97M, also below the expected $305.01M, a 35.37% decrease from the previous year's $467.24M.
May 09, 2024 | 8:06 pm
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NEGATIVE IMPACT
Diodes reported lower than expected Q1 earnings and sales, with significant decreases from the previous year.
Missing both earnings and sales estimates, especially with such significant year-over-year declines, is likely to negatively impact investor sentiment and Diodes' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100