Diodes Raises 3Q Revenue Guidance

DALLAS (AP) — Semiconductor parts maker Diodes Inc. on Wednesday raised its third-quarter revenue guidance due to improvement in demand and order rates for parts that are used in flat TVs, set-top boxes, mobile phones and netbooks.

The company said revenue in the quarter ending in September is now expected to increase 13 percent to 17 percent compared with the second quarter level, up from a previously expected increase of 10 percent to 15 percent.

Analysts polled by Thomson Reuters expect Diodes' third-quarter revenue to fall 12 percent from a year earlier to $118 million, however, with earnings per share seen down 39 percent at 18 cents per share.

Diodes shares fell 23 cents, or 1.1 percent, to $21.57 in afternoon trading Wednesday.