Daqo New Energy Announces Unaudited Third Quarter 2018 Results

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Daqo New Energy (DQ) Reports Q3 EPS of $0.33, Revenues Miss

November 13, 2018 6:08 AM EST

Daqo New Energy (NYSE: DQ) reported Q3 EPS of $0.33, versus $2.42 reported last year. Revenue for the quarter came in at $67.4 million versus the consensus estimate of $74.5 million.

Solar wafer sales volume of 8.7 million pieces in Q3 2018, compared to 9.8 million pieces in Q2 2018Revenue from continuing operations of $67.4 million in Q3 2018, compared to $63.0 million in Q2 2018Gross profit from continuing operations of $12.8 million in Q3 2018, compared to $25.2 million in Q2 2018. Gross margin from continuing operations was 19.1% in Q3 2018, compared to 40.1% in Q2 2018EBITDA (non-GAAP)(3) from continuing operations of $14.8 million in Q3 2018,... More