Daqo New Energy Announces Unaudited Second Quarter 2018 Results
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Daqo New Energy (DQ) Tops Q2 EPS by 50c, Revenues Beat
August 7, 2018 6:44 AM EDTDaqo New Energy (NYSE: DQ) reported Q2 EPS of $1.44, $0.50 better than the analyst estimate of $0.94. Revenue for the quarter came in at $67 million versus the consensus estimate of $62.7 million.
Revenue of $67.0 million in Q2 2018, compared to $103.3 million in Q1 2018Gross profit of $27.2 million in Q2 2018, compared to $46.2 million in Q1 2018. Gross margin was 40.6% in Q2 2018, compared to 44.8% in Q1 2018Non-GAAP gross margin(3) of 41.2%... More