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.

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