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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.

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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