Diodes, Inc. (DIOD) Misses Q4 EPS by 1c; Guides Q1 Sales In-Line

Diodes, Inc. (NASDAQ: DIOD) reported Q4 EPS of $0.09, $0.01 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $143.3 million versus the consensus estimate of $147.13 million.

The company sees Q1 revenues of $138 million and $148 million, versus the consensus of $144.9 million.

Commenting on the outlook the company said: "The first quarter is typically a seasonally down quarter for our business. However, we expect revenue to be better than the normal seasonal pattern due to improved distributor order rates in North America and Europe as well as the ramping of new projects for our products used in smartphones and tablets. As such, for the first quarter of 2012, we expect revenue to range between $138 million and $148 million, or flat plus or minus $5 million sequentially. We expect gross margin to be 25 percent, plus or minus 2.0 percent. Operating expenses are expected to remain approximately flat with fourth quarter on a dollar basis. We expect our income tax rate to range between 17 and 23 percent, and shares used to calculate GAAP EPS for the first quarter are anticipated to be approximately 47.2 million."

For earnings history and earnings-related data on Diodes, Inc. (DIOD) click here.

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