Investing.com - Daqo New Energy (NYSE:DQ) ADR reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Daqo New Energy ADR announced earnings per share of $0.84 on revenue of $1.22. Analysts polled by Investing.com anticipated EPS of $7.28 on revenue of $1.23B.
Daqo New Energy ADR shares are up 15% from the beginning of the year, still down 42.82% from its 52 week high of $81.10 set on October 29, 2021.
Daqo New Energy ADR follows other major Information Technology sector earnings this month
Daqo New Energy ADR's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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