Diodes Q2 2024 Adj EPS $0.33 Beats $0.30 Estimate, Sales $319.80M Beat $316.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diodes (NASDAQ:DIOD) reported Q2 2024 adjusted EPS of $0.33, beating the estimate of $0.30. Sales were $319.80M, surpassing the $316.12M estimate but down 31.54% from last year's $467.15M.
August 08, 2024 | 8:13 pm
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Diodes reported Q2 2024 adjusted EPS of $0.33, beating the estimate of $0.30. Sales were $319.80M, surpassing the $316.12M estimate but down 31.54% from last year's $467.15M.
Diodes' earnings and sales both beat analyst estimates, which is positive for the stock. However, the significant YoY decline in sales may temper investor enthusiasm.
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