Investing.com - Daqo New Energy ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Daqo New Energy ADR announced earnings per share of $6.99 on revenue of $1.28B. Analysts polled by Investing.com anticipated EPS of $5.89 on revenue of $1.13B.
Daqo New Energy ADR shares are up 10.14% from the beginning of the year and are trading at $44.41 , 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 Taiwan Semiconductor on Thursday, April 14, 2022, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.33 on revenue of $17,430M.
ASML ADR had missed expectations on Wednesday with first quarter EPS of $1.88 on revenue of $3.84B, compared to forecast for EPS of $2.29 on revenue of $4.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar