February 28, 2018 / 11:22 AM / in 8 months

BRIEF-Daqo New Energy Announces ‍adjusted Earnings Per Basic Ads Of $3.31 In Q4 2017​

Feb 28 (Reuters) - Daqo New Energy Corp:

* DAQO NEW ENERGY ANNOUNCES UNAUDITED FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS

* Q4 REVENUE ROSE 125 PERCENT TO $103.7 MILLION

* EARNINGS PER BASIC AMERICAN DEPOSITORY SHARE (ADS) OF $3.16 IN Q4 2017

* DAQO NEW ENERGY - POLYSILICON PRODUCTION VOLUME OF 5,339 MT IN Q4, COMPARED TO 4,940 MT IN Q3

* ‍ADJUSTED EARNINGS PER BASIC ADS OF $3.31 IN Q4 2017​

* EXPECTS TO PRODUCE APPROXIMATELY 5,300 MT TO 5,500 MT OF POLYSILICON DURING Q1

* DAQO NEW ENERGY - WAFER SALES VOLUME IS EXPECTED TO BE APPROXIMATELY 15.0 MILLION TO 20.0 MILLION PIECES FOR Q1

* FOCUS THROUGHOUT THE QUARTER AND GOING INTO 2018 REMAINS ON REDUCING COSTS

* DAQO NEW ENERGY - EXPECTS TO SELL ABOUT 4,900 MT TO 5,100 MT OF POLYSILICON TO EXTERNAL CUSTOMERS DURING Q1

* DAQO NEW ENERGY - FOR 2018, CO EXPECTS TO PRODUCE ABOUT 22,000 TO 23,000 MT OF POLYSILICON, INCLUSIVE OF IMPACT OF OUR ANNUAL FACILITY MAINTENANCE. Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below