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Daqo New Energy (DQ) Reports Q2 Loss, Tops Revenue Estimates

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Daqo New Energy (DQ) Reports Q2 Loss, Tops Revenue Estimates

Daqo New Energy (DQ) reported a quarterly loss of $1.20 per share, worse than the $0.28 consensus estimate and compared with a $1.14 loss a year ago. The larger-than-expected drawdown suggests weaker profitability versus expectations, which is likely to pressure the stock near term.

Analysis

Daqo New Energy (DQ) reported a quarterly loss of $1.20 per share, worse than the $0.28 consensus estimate and compared with a $1.14 loss a year ago. The larger-than-expected drawdown suggests weaker profitability versus expectations, which is likely to pressure the stock near term.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.55

Ticker Sentiment

DQ-0.75

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