Daqo New Energy (DQ) Tops Q3 EPS by 8c; Guides Q4 Sales

Daqo New Energy (NYSE: DQ) reported Q3 EPS of $1.26, $0.08 better than the analyst estimate of $1.18. Revenue for the quarter came in at $54.3 million versus the consensus estimate of $59.4 million.

Polysilicon production volume of 3,636 MT in Q3 2016, compared to 3,570 MT in Q2 2016

Outlook and Q4 2016 guidance

As a result of our annual maintenance, the Company expects to sell approximately 2,200 MT to 2,300 MT of polysilicon to external customers during the fourth quarter of 2016. The external sales guidance excludes shipments of polysilicon to be used internally by our Chongqing solar wafer facility, which utilizes polysilicon for its wafer manufacturing operation. Wafer sales volume is expected to be approximately 20 million to 21 million pieces for the fourth quarter of 2016.

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

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