Daqo New Energy Q2 Adj EPS $1.75 Misses $5.79 Estimate, Sales $636.70M Miss $1.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy (NYSE:DQ) reported Q2 adjusted earnings of $1.75 per share, missing the analyst consensus estimate of $5.79 by 69.78%. This is a 78.61% decrease from the same period last year. The company also reported quarterly sales of $636.70 million, missing the analyst consensus estimate of $1.22 billion by 47.81%. This is a 48.82% decrease from the same period last year.
August 04, 2023 | 12:56 pm
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Daqo New Energy's Q2 earnings and sales significantly missed analyst estimates and decreased from the same period last year.
Daqo New Energy's Q2 earnings and sales missed analyst estimates by a significant margin and decreased from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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