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Daqo New Energy Corp. Q3 adjusted earnings Beat Estimates

Daqo New Energy Corp. (DQ) released a profit for its third quarter that increased from last year.

The company's earnings came in at $20.76 million, or $0.27 per share. This compares with $4.98 million, or $0.07 per share, in last year's third quarter.

Excluding items, Daqo New Energy Corp. reported adjusted earnings of $25.24 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 49.6% to $125.53 million from $83.91 million last year.

Daqo New Energy Corp. earnings at a glance:

-Earnings (Q3): $25.24 Mln. vs. $9.46 Mln. last year.
-EPS (Q3): $0.33 vs. $0.12 last year.
-Analysts Estimate: $0.32
-Revenue (Q3): $125.53 Mln vs. $83.91 Mln last year.

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