Benzinga | May 18, 2021 06:03AM EDT

Daqo New Energy Q1 Adj. EPS $1.18 Misses $1.19 Estimate, Sales $256.10M Miss $297.97M Estimate

Daqo New Energy (NYSE:DQ) reported quarterly earnings of $1.18 per share which missed the analyst consensus estimate of $1.19 by 0.84 percent. This is a 54.09 percent decrease over earnings of $2.57 per share from the same period last year. The company reported quarterly sales of $256.10 million which missed the analyst consensus estimate of $297.97 million by 14.05 percent. This is a 51.69 percent increase over sales of $168.83 million the same period last year.