RTTNews | Aug 5, 2021 04:54PM EDT

16:53 Thursday, August 5, 2021 (RTTNews.com) - Diodes Inc. (DIOD) announced earnings for its second quarter that rose from the same period last year.

The company's bottom line came in at $55.4 million, or $1.22 per share. This compares with $21.0 million, or $0.40 per share, in last year's second quarter.

Excluding items, Diodes Inc. reported adjusted earnings of $54.6 million or $1.20 per share for the period.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 52.5% to $440.4 million from $288.7 million last year.

Diodes Inc. earnings at a glance:

-Earnings (Q2): $54.6 Mln. vs. $28.6 Mln. last year.-EPS (Q2): $1.20 vs. $0.54 last year.-Analysts Estimate: $1.12-Revenue (Q2): $440.4 Mln vs. $288.7 Mln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3216676/diodes-inc-q2-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved