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Daqo posts 1Q profit

WANZHOU CHONGQING, China (AP) _ Daqo New Energy Corp. (DQ) on Tuesday reported first-quarter earnings of $22.9 million.

The Wanzhou Chongqing, China-based company said it had net income of $2.14 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $2.32 per share.

The solar panel parts maker posted revenue of $83.8 million in the period.

Daqo shares have increased 2 percent since the beginning of the year. The stock has declined 22 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


Keywords: Daqo New Energy, Earnings Report