Daqo New Energy (DQ) Tops Q4 EPS Expectations

Daqo New Energy (NYSE: DQ) reported Q4 EPS of $1.13, $0.89 better than the analyst estimate of $0.24. Revenue for the quarter came in at $59.3 million versus the consensus estimate of $55.65 million.

• Polysilicon production volume of 3,547 MT in Q4 2015, an increase of 31.9% from 2,689 MT in Q3 2015
• Polysilicon external sales volume(1) of 3,092 MT in Q4 2015, an increase of 35.8% from 2,277 MT in Q3 2015
• Polysilicon average total production cost(2) of $9.74/kg in Q4 2015, a decrease of 12.7% from $11.15/kg in Q3 2015
• Polysilicon average cash cost(2) of $7.69/kg in Q4 2015, a decrease of 11.7% from $8.71/kg in Q3 2015
• Average selling price (ASP) of polysilicon was $13.86/kg in Q4 2015, a decrease of 7.5% from $14.98/kg in Q3 2015
• Solar wafer sales volume of 21.0 million pieces in Q4 2015, an increase of 9.9 % from 19.1 million pieces in Q3 2015

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

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