Daqo New Energy Announces Unaudited First Quarter 2020 Results
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UPDATE: Daqo New Energy (DQ) Tops Q1 EPS by $1.08, Revenues Beat
May 20, 2020 6:32 AM EDT(Updated - May 20, 2020 6:33 AM EDT)
Daqo New Energy (NYSE: DQ) reported Q1 EPS of $2.69, $1.08 better than the analyst estimate of $1.61. Revenue for the quarter came in at $168 million versus the consensus estimate of $150.5 million.
First Quarter 2020 Financial and Operating Highlights
Polysilicon production volume was 19,777 MT in Q1 2020, compared to 16,204 MT in Q4 2019Polysilicon sales volume was 19,101 MT in Q1 2020, compared to 13,291 MT in Q4 2019Polysilicon average total production cost(1) was $5.86/kg in Q1 2020, compared to $6.38/kg in Q4 2019Polysilicon average cash cost(1) was $5.01/kg in Q1 2020,... More