RTTNews | Mar 9, 2021 05:50AM EST

05:50 Tuesday, March 9, 2021 (RTTNews.com) - Daqo New Energy Corp. (DQ) announced earnings for its fourth quarter that increased from the same period last year.

The company's bottom line came in at $72.83 million, or $0.96 per share. This compares with $20.09 million, or $0.26 per share, in last year's fourth quarter.

Excluding items, Daqo New Energy Corp. reported adjusted earnings of $77.30 million or $1.02 per share for the period.

Analysts had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 108.3% to $247.73 million from $118.92 million last year.

Daqo New Energy Corp. earnings at a glance:

-Earnings (Q4): $77.30 Mln. vs. $24.55 Mln. last year.-EPS (Q4): $1.02 vs. $0.32 last year.-Analysts Estimate: $1.15-Revenue (Q4): $247.73 Mln vs. $118.92 Mln last year.

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