Daqo New Energy (DQ) Tops Q3 EPS by 3c

Daqo New Energy (NYSE: DQ) reported Q3 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $125.5 million versus the consensus estimate of $139.13 million.

Outlook and guidance

The Company expects to produce approximately 19,500 to 20,500 MT of polysilicon and sell approximately 20,500 MT to 21,500 MT of polysilicon to external customers during the third quarter of 2020. For the full year of 2020, the Company expects to produce approximately 75,800 MT to 76,800 MT of polysilicon, inclusive of the impact of the Company's annual facility maintenance.

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

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