Daqo New Energy (DQ) Tops Q1 EPS Views

Daqo New Energy (NYSE: DQ) reported Q1 EPS of $1.12, $0.46 better than the analyst estimate of $0.66. Revenue for the quarter came in at $57.7 million versus the consensus estimate of $58.1 million.

• Polysilicon production volume of 3,405 MT in Q1 2016, compared to 3,547 MT in Q4 2015
• Polysilicon external sales volume(1) of 2,905 MT in Q1 2016, compared to 3,092 MT in Q4 2015
• Polysilicon average total production cost(2) of $9.65/kg in Q1 2016, compared to $9.74/kg in Q4 2015
• Polysilicon average cash cost of $7.62/kg in Q1 2016, compared to $7.69/kg in Q4 2015
• Average selling price (ASP) of polysilicon was $13.72/kg in Q1 2016, compared to $13.86/kg in Q4 2015
• Solar wafer sales volume of 22.1 million pieces in Q1 2016, compared to 21.0 million pieces in Q4 2015

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

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