Diodes Shares Surge on Outlook

0

Shares in Diodes Inc. rose nearly 9 percent Wednesday after the company raised its fourth quarter revenue guidance citing increased manufacturing efficiencies and a better product mix.


The Camarillo-based semiconductor maker said it expects fourth quarter profit margins to increase 1.2 points to 1.5 points from 32.4 percent in the third quarter. It had previously forecast a rise of 0.6 points to 1.1 points.


Diodes reaffirmed revenue guidance of $106 million to $109 million, which would be in line with Wall Street’s forecasts of $108 million, according to Thomson Financial.


Shares in Diodes rose 8.7 percent to $29.74 in early trading Wednesday on the Nasdaq.

No posts to display