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Daqo posts 4Q profit

WANZHOU CHONGQING, China (AP) _ Daqo New Energy Corp. (DQ) on Tuesday reported fourth-quarter profit of $4.1 million.

The Wanzhou Chongqing, China-based company said it had net income of 39 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 58 cents per share.

The solar panel parts maker posted revenue of $46.1 million in the period.

For the year, the company reported profit of $43.5 million, or $4.11 per share. Revenue was reported as $229.1 million.

Daqo shares have increased 32 percent since the beginning of the year. The stock has climbed 34 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