Daqo New Energy Q4 Adjusted EPADS $0.94 Beats $0.84 Estimate, Sales $477.13M Miss $529.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy (NYSE:DQ) reported Q4 adjusted EPS of $0.94, surpassing the $0.84 estimate, but its sales of $477.13M fell short of the $529.40M estimate. This represents a significant decrease in both earnings and sales from the same period last year.
February 28, 2024 | 11:47 am
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Daqo New Energy reported a mixed Q4 with EPS beating estimates at $0.94 but sales missing at $477.13M, indicating a significant year-over-year decline.
The mixed results with an earnings beat but a miss on revenue forecasts could lead to a neutral short-term impact on DQ's stock price. Investors might react positively to the earnings beat, but concerns over the significant sales miss and year-over-year decline could temper any gains.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100