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Daqo posts 2Q profit

WANZHOU, China (AP) _ Daqo New Energy Corp. (DQ) on Tuesday reported second-quarter profit of $12.1 million.

The Wanzhou, China-based company said it had profit of $1.14 per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.29 per share.

The solar panel parts maker posted revenue of $76 million in the period.

Daqo shares have risen 40 percent since the beginning of the year. The stock has increased roughly 10 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