daqo new energy corp-adr (DQ) Snapshot

Daqo New Energy Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $14,485,000 against $31,965,000 a year ago. Loss from operations was $16,621,000 against $10,814,000 a year ago. Loss before income taxes was $21,873,000 against $14,491,000 a year ago. Net loss from continuing operations was $21,873,000 against $12,924,000 a year ago. Net loss was $21,873,000 against $14,309,000 a year ago. Net loss attributable to company’s shareholders was $18,664,000 against $13,725,000 a year ago. Diluted loss per share from continuing operations was $2.70 against $1.75 a year ago. Diluted loss per share was $2.70 against $1.95 a year ago. For the first quarter of 2013, polysilicon shipments were approximately 706 metric tons, or MT, of which 30 MT were shipped, but will be recognized as revenue upon completion of inspection in the second quarter of 2013. Wafer shipments were 2.21 million pieces. The company also shipped 72 MT of multi-crystal silicon blocks to its customers. For the second quarter of 2013, the company expects to ship 920 MT of polysilicon. The company also expects to ship approximately 6.5 million pieces of wafer and 25 MT of multi-crystal silicon ingots and blocks.

Daqo New Energy Corp. announced that they will report Q1, 2013 results at 5:00 PM, China Standard Time on Jun 07, 2013

Daqo New Energy Corp., Q1 2013 Earnings Call, Jun 07, 2013