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Stock impact report

Daqo New Energy Corp (DQ) Achieves Record EBITDA as Revenues Grow 26% [Yahoo! Finance]

DAQO New Energy Corp. American Depositary Shares, each representing five ordinary shares (DQ) 
Last daqo new energy corp. american depositary shares, each representing five ordinary shares earnings: 3/11 05:27 am Check Earnings Report
US:NYSE Investor Relations: dqsolar.com
Company Research Source: Yahoo! Finance
solid third-quarter financial results as it benefited from recovery in market prices across the solar PV value chain. Daqo New Energy Corp (DQ) Achieves Record EBITDA as Revenues Grow 26% The company delivered a record positive EBITDA of $45.8 million, leading to adjusted net income of $3.7 million. Revenue exceeded expectations by 26.77%, coming in at $244.6 million against $192.95 million expected. It was a significant improvement given that the company delivered $75.2 million in revenue in the second quarter. Earnings per share totaled $0.05 against an expected loss of $0.49 a share. Daqo New Energy exited the third quarter with $2.21 billion in bank deposits and financial investment assets, an increase of $148 million from the second quarter. Consequently, it remains in a solid financial position and maintains strategic flexibility to navigate the ongoing market recovery and pursue long-term opportunities, according to CEO Mr. Xiang Xu. “The strong increase in sales volume Show less Read more
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