Daqo New Energy (DQ) Posts Q1 Loss of 39c/Share; Guides Q2 Shipments

Daqo New Energy (NYSE: DQ) reported Q1 EPS of ($0.39), $0.16 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $34 million versus the consensus estimate of $32.85 million.

Polysilicon shipments were approximately 964 metric tons, or MT. Photovoltaic (PV) module shipments were 2.3 Mega watts, or MW. Wafer shipments were 23.4 MW. In addition, the Company provided 2.4 MW PV modules manufacturing outsourcing service to its customers.

For the second quarter of 2012, the Company expects to ship 900-1000 MT of polysilicon, approximate 20.5 MW of wafers and 4.5 MW of modules. In addition, the Company expects to provide 200 metric tons of ingot and block manufacturing outsourcing services to its customers.

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

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