Investing.com - Daqo New Energy (NYSE:DQ) ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Daqo New Energy ADR announced earnings per share of $0.47 on revenue of $133.5M. Analysts polled by Investing.com anticipated EPS of $0.19 on revenue of $111.37M.
Daqo New Energy ADR shares are up 123.46% from the beginning of the year, still down 10.92% from its 52 week high of $128.44 set on August 10. They are outperforming the EUR/USD which is down 0% from the start of the year.
Daqo New Energy ADR follows other major Technology sector earnings this month
Daqo New Energy ADR's report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar