Investing.com - Daqo New Energy ADR reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Daqo New Energy ADR announced earnings per share of $1.94 on revenue of $395.55M. Analysts polled by Investing.com anticipated EPS of $3.49 on revenue of $614.5M.
Daqo New Energy ADR shares are up 6.45% from the beginning of the year and are trading at $42.92 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Daqo New Energy ADR follows other major Information Technology sector earnings this month
Daqo New Energy ADR's report follows an earnings beat by NVIDIA on February 16, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Cisco had beat expectations on February 16 with second quarter EPS of $0.84 on revenue of $12.72B, compared to forecast for EPS of $0.81 on revenue of $12.66B.
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