Diodes Incorporated (NASDAQ:DIOD)

Dr. Lu concluded, “Due to our aggressive design win and new product introduction efforts, the demand for Diodes' products continues to be strong. Building on our record second quarter results, we expect to post our sixth consecutive quarter of sequential revenue growth in the third quarter with revenue anticipated to range between $158 million and $164 million, or an increase of 6 to 10 percent sequentially. Gross profit is expected to increase at a rate comparable to our revenue growth, which would also represent another record. Operating expenses are anticipated to decrease slightly from second quarter levels on a percent of revenue basis. We expect our income tax rate for the third quarter to range between 15 and 20 percent as profitability in higher tax jurisdictions continues to improve. For the third quarter, we expect shares used to calculate GAAP EPS to be approximately 46.0 million.”