Daqo New Energy Announces Unaudited First Quarter 2021 Results
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Daqo New Energy (DQ) Misses Q1 EPS by 1c, Revenues Miss
May 18, 2021 6:06 AM EDTDaqo New Energy (NYSE: DQ) reported Q1 EPS of $1.18, $0.01 worse than the analyst estimate of $1.19. Revenue for the quarter came in at $256.1 million versus the consensus estimate of $297.97 million.
First Quarter 2021 Financial and Operating Highlights
Polysilicon production volume was 20,185 MT in Q1 2021, compared to 21,008 MT in Q4 2020Polysilicon sales volume was 21,471 MT in Q1 2021, compared to 23,186 MT in Q4 2020Polysilicon average total production cost(1) was $6.29/kg in Q1 2021, compared to $5.92/kg in Q4 2020Polysilicon average cash cost(1) was $5.37/kg in Q1 2021, compared to $5.04/kg in Q4 2020Polysilicon... More