U.S. Markets open in 9 hrs 13 mins

Daqo: 4Q Earnings Snapshot

WANZHOU, China (AP) _ Daqo New Energy Corp. (DQ) on Wednesday reported fourth-quarter earnings of $11.4 million.

On a per-share basis, the Wanzhou, China-based company said it had net income of 85 cents. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.

The solar panel parts maker posted revenue of $75.6 million in the period.

For the year, the company reported profit of $38.1 million, or $2.93 per share. Revenue was reported as $301.6 million.

Daqo shares have climbed 46 percent since the beginning of the year. The stock has dropped 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DQ at https://www.zacks.com/ap/DQ