Daqo New Energy ADR earnings, Revenue miss in Q3

  • Investing.com
Daqo New Energy ADR earnings, Revenue miss in Q3

Investing.com - Daqo New Energy ADR reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Daqo New Energy ADR announced earnings per share of $0.35 on revenue of $125.5M. Analysts polled by Investing.com anticipated EPS of $0.598 on revenue of $139.13M.

Daqo New Energy ADR shares are down 18.54% from the beginning of the year and are trading at $40.50 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.

Daqo New Energy ADR shares lost 2.90% in pre-market trade the report.

Daqo New Energy ADR follows other major Technology sector earnings this month

Daqo New Energy ADR's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.7099 on revenue of $63.8B.

Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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