Daqo New Energy (DQ) Tops Q2 EPS by 9c; Guides Q3 Shipments

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Daqo New Energy (NYSE: DQ) reported Q2 EPS of ($0.20), $0.09 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $30.6 million versus the consensus estimate of $32.6 million.

Polysilicon shipments were approximately 1028 metric tons, or MT. Photovoltaic (PV) module shipments were 3.6 Mega watts, or MW. Wafer shipments were 11.2 MW. In addition, the Company also provides 209 MT ingot and block outsourcing manufacturing services for its customers.

For the third quarter of 2012, the Company expects to ship 1000-1200 MT of polysilicon, approximate 6 MW of wafers, 8 MW of wafers OEM and 3.0 MW of modules.

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

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