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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.

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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

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Keywords: Daqo New Energy, Earnings Report