Benzinga | Aug 18, 2020 06:40AM EDT

Daqo New Energy Q2 Adj. EPS $0.49 May Not Compare To $(0.03) Estimate, Sales $133.50M Beat $111.37M Estimate

Daqo New Energy (NYSE:DQ) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $(0.03) by 1733.33 percent. This is a 206.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $133.50 million which beat the analyst consensus estimate of $111.37 million by 19.87 percent. This is a 102.40 percent increase over sales of $65.96 million the same period last year.