Diodes sees Q3 revenue $270M-$290M, consensus $269.13M
President and CEO Ke-Shew Lu concluded, "For the third quarter of 2017, we expect continued growth in revenue with further improvement in gross margin and profitability. More specifically, we expect revenue to range between $270 million and $290 million, or up 2.2 to 9.8 percent sequentially. We expect gross margin to be 34.5 percent, plus or minus 1 percent. Non-GAAP operating expenses, which are GAAP operating expenses adjusted for KFAB closure costs, retention costs and amortization of acquisition-related intangible assets, are expected to be approximately 22.5 percent of revenue, plus or minus 1 percent. We expect interest expense to be approximately $3.0 million. Our income tax rate is expected to be 30 percent, plus or minus 3 percent and shares used to calculate diluted EPS for the third quarter are anticipated to be approximately 50.3 million. Please note that purchase accounting adjustments of $4.5 million, after tax, for Pericom and previous acquisitions plus KFAB closure costs are not included in these non-GAAP estimates."