DAQO New Energy EPADS beats by $0.58, beats on revenue; raises full year production guidance

Aug. 18, 2021 7:04 AM ETDaqo New Energy Corp. (DQ)By: Meghavi Singh, SA News Editor4 Comments
  • DAQO New Energy (NYSE:DQ): Q2 Non-GAAP EPADS of $3.18 beats by $0.58; GAAP EPADS of $3.15 misses by $0.14.
  • Revenue of $441.4M (+230.6% Y/Y) beats by $25.23M.
  • Shares +5.03% PM.
  • Press Release
  • Second Half 2021 guidance: The Company expects to to remain in full utilization with sales volume similar to production volume.
  • FY 2021 guidance: The Company raises its production guidance from the previous level of 81,000 to 83,000 MT to the level of approximately 83,000 to 85,000 MT of polysilicon for the full year, inclusive of the impact of the Company's annual facility maintenance.

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