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Analog chipmaker Diodes (DIOD -8.5%) is off sharply post-earnings. The decline comes even though...

Analog chipmaker Diodes (DIOD -8.5%) is off sharply post-earnings. The decline comes even though Q1 EPS was in-line and the company guided for Q2 revenue of $155M-$164M, largely above a $155.5M consensus. A Q1 gross margin of 23.3% (down 150 bps Q/Q and 1220 bps Y/Y), which Diodes attributes to weak pricing, mix shifts, and inventory reductions, could be weighing on shares. Q2 gross margin is expected to be 24%-28%. (PR) (transcript)

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