Investing.com - Daqo New Energy (NYSE:DQ) ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Daqo New Energy ADR announced earnings per share of $3.98 on revenue of $585.8M. Analysts polled by Investing.com anticipated EPS of $2.2 on revenue of $450.05M.
Daqo New Energy ADR shares are up 7% from the beginning of the year, still down 41.52% from its 52 week high of $130.33 set on February 10. They are under-performing the Dow Jones which is up 15.96% 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 Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar