Daqo New Energy Corp. (DQ) announced its unaudited financial results for the second quarter of 2012. Net loss attributable to shareholders was $7.1 million, compared to net income of $25.7 million in the second quarter of 2011. Loss per ADS were $0.20, compared to net income $0.73 in the second quarter of 2011.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.29 per share on revenues of $32.60 million for the quarter. Analysts' estimates typically exclude special items.
Revenues were $30.6 million, compared to $70.7 million in the second quarter of 2011.The decrease in revenues from the second quarter of 2011 was primarily due to the lower average selling price offset only to a limited extent by the higher sales volume.
For the third quarter of 2012, the Company expects to ship 1000-1200 MT of polysilicon, approximate 6 MW of wafers, 8 MW of wafers OEM and 3.0 MW of modules. In addition, the Company expects to provide 200 metric tons of ingot and block manufacturing outsourcing services to its customers.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.