Daqo New Energy Corp - ADR

NYSE:DQ   2:08:00 PM EDT
60.07
-2.09 (-3.36%)
Positive Earnings Pre-Announcement

Daqo New Energy Reports Q2 Earnings Per Basic ADS Of $3.15

Published: 08/18/2021 11:31 GMT
Daqo New Energy Corp - ADR (DQ) - Daqo New Energy Announces Unaudited Second Quarter 2021 Results.
Q2 Revenue $441.4 Million Versus Refinitiv Ibes Estimate of $407 Million.
Qtrly Earnings per Basic Ads Was $3.15.
Qtrly Adjusted Earnings per Basic Ads (non-GAAP) Was $3.18.
Qtrly Polysilicon Production Volume Was 21,102 Mt Versus 20,185 Mt in Q1 2021.
Qtrly Polysilicon Sales Volume Was 21,060 Mt Versus 21,471 Mt in Q1 2021.
Q2 Revenue View $407.0 Million -- Refinitiv Ibes Data (analyst estimates).
For H2 of 2021, Co Expects to Remain in Full Utilization With Sales Volume Similar to Production Volume.
For FY 2021, Co Raises Its Production Guidance to Level of About 83,000 Mt to 85,000 Mt of Polysilicon.
Revenue is expected to be $541.34 Million
Adjusted EPS is expected to be $2.35

Next Quarter Revenue Guidance is expected to be $444.7 Million
Next Quarter EPS Guidance is expected to be $4.58

More details on our Analysts Page.