Daqo New Energy (DQ) Tops Q1 EPS by 7c

Daqo New Energy (NYSE: DQ) reported Q1 EPS of $0.12, $0.07 better than the analyst estimate of $0.05. Revenue for the quarter came in at $41.9 million versus the consensus estimate of $44 million.

Highlights:

• Record-high polysilicon production volume of 1,801 MT in Q1 2015, compared to 1,791 MT in Q4 2014
• Polysilicon shipments of 1,532 MT in Q1 2015, compared to 1,537 MT in Q4 2014
• Record-low polysilicon production cost(2) of $12.80/kg in Q1 2015, compared to $13.23/kg in Q4 2014; cash cost of $10.53/kg in Q1 2015, compared to $10.88/kg in Q4 2014
• Wafer shipments of 18.8 million pieces in Q1 2015, compared to 17.8 million pieces in Q4 2014

For earnings history and earnings-related data on Daqo New Energy (DQ) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Accenture downgraded by TD Cowen on AI concerns
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating