
Diodes Reports In-Line Quarterly Results
Following in the footsteps of comparable companies, Diodes reported in-line 3Q13 results but also provided below-consensus 4Q13 revenue guidance. Management’s 4Q13 revenue guidance of -5.5% quarter over quarter (midpoint) is an indication of weaker market conditions and not indicative of the company losing market share. We are sticking with our Buy rating as we believe the company can generate >$2.00 in non-GAAP EPS once all … Continue reading Diodes Reports In-Line Quarterly Results