Daqo New Energy Swings to Q3 Adjusted Loss as Revenue Falls

MT Newswires Live
2024-10-30

Daqo New Energy (DQ) reported on Wednesday a Q3 adjusted loss of $0.59 per diluted American depositary share, swinging from adjusted earnings of $0.59 a year earlier.

Two analysts polled by Capital IQ expected adjusted EPS of $0.18.

Revenue for the quarter ended Sept. 30 was $198.5 million, down from $484.8 million.

Two analysts surveyed by Capital IQ expected $187.9 million.

Daqo New Energy said it expects to produce 31,000 metric tons to 34,000 MT of polysilicon in Q4 and 200,000 MT to 210,000 MT of polysilicon for the full year.

Price: 23.00, Change: +0.49, Percent Change: +2.18

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