Recap: Daqo New Energy Q4 Earnings - Daqo New Energy (NYSE:DQ)

Daqo New Energy DQ reported its Q4 earnings results on Wednesday, February 28, 2024 at 06:00 AM.

Here's what investors need to know about the announcement.

Daqo New Energy beat estimated earnings by 12.0%, reporting an EPS of $0.94 versus an estimate of $0.84.

Revenue was down $387.12 million from the same period last year.

Last quarter the company missed on EPS by $0.35 which was followed by a 3.0% increase in the share price the next day.

Here's a look at Daqo New Energy's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.94	5.79	4.95	7.37
EPS Actual	0.59	1.75	3.93	5.11
Revenue Estimate	672.30M	1.22B	874.76M	987.83M
Revenue Actual	484.84M	636.72M	709.83M	864.25M

To track all earnings releases for Daqo New Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.