Daqo New Energy Corp. Q1 adjusted earnings Miss Estimates
Daqo New Energy Corp. (DQ) announced earnings for its first quarter that rose from the same period last year.
The company’s bottom line came in at $83.2 million, or $1.08 per share. This compares with $33.2 million, or $0.44 per share, in last year’s first quarter.
Excluding items, Daqo New Energy Corp. reported adjusted earnings of $86.2 million or $1.12 per share for the period.
Analysts had expected the company to earn $1.19 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 51.7% to $256.1 million from $168.8 million last year.
Daqo New Energy Corp. earnings at a glance:
-Earnings (Q1): $86.2 Mln. vs. $37.7 Mln. last year.
-EPS (Q1): $1.12 vs. $0.49 last year.
-Analysts Estimate: $1.19
-Revenue (Q1): $256.1 Mln vs. $168.8 Mln last year.
Baidu Q1 Profit Surges On Strong Revenues – Quick Facts
Baidu.com Inc. (BIDU) reported Tuesday that its first-quarter net income to Baidu was 25.65 billion yuan or $3.92 billion, compared to last year’s 41 million yuan.
Earnings per ADS was 73.76 yuan or $11.26, up from 0.02 yuan a year ago.
Adjusted net income was 4.30 billion yuan or $656 million, compared to prior year’s 3.08 billion yuan. Adjusted earnings per share were 12.38 yuan or $1.89, compared to 8.84 yuan last year.
Total revenues climbed 25 percent to 28.13 billion yuan or $4.29 billion from last year’s 22.55 billion yuan.
iQIYI subscribers reached 105.3 million as of March 31. iQIYI’s net loss narrowed to 1.3 billion yuan in the first quarter, compared to 2.9 billion yuan from a year ago.
Home Depot beats sales estimates as pandemic-fueled demand stays strong
Time for market rest after ‘off the charts’ economy, earnings: Bob Doll
Former Nuveen chief equity strategist and senior portfolio manager Bob Doll discusses how worried investors should be about the markets in the coming months.
Home Depot Inc blew past quarterly same-store sales estimates on Tuesday, as demand remained strong for the top U.S. home improvement retailer's products even as vaccinations opened up more traditional avenues for customers to spend their money.
The company's blue-chip stock, which has gained over 20% this year, rose 2% in pre-market trading.
The last 12 months have been a blockbuster period for Home Depot as revenue and profit surged from stuck-at-home Americans investing more to upgrade their living spaces. The company also benefited from a years-long focus on e-commerce, particularly in services such as "click and collect" service.
Same-store sales rose 31% in the first quarter ended May 2, beating analysts' estimates for a 19.9% increase, according to IBES data from Refinitiv.
Net earnings rose to $4.15 billion, or $3.86 per share, from $2.25 billion, or $2.08 per share, a year earlier.
(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)
A Hollywood Love Story With Glitz, Greed and the Threat of Social Ruin
When you purchase an independently reviewed book through our site, we earn an affiliate commission.
By Brooks Barnes
TWILIGHT MAN
Love and Ruin in the Shadows of Hollywood and the Clark Empire
By Liz Brown
Ah, family secrets. My specialty.
A Young Murderer Grows Up, and Has a Child of Her Own
When you purchase an independently reviewed book through our site, we earn an affiliate commission.
By Abigail Dean
THE FIRST DAY OF SPRING
By Nancy Tucker
Chrissie is that child: a maker of mischief and purveyor of compulsive lies; resident shoplifter at Mrs. Bunty’s sweet store; the class imp, rather than its clown. She is the child you don’t want to find on your doorstep, asking for your own.
Seth Meyers Explains Why It’s No Coincidence MAGA-World Is Full Of Criminals
Seth Meyers isn’t surprised by the mounting number of people connected to former President Donald Trump who have been convicted or accused of crimes.
Numerous high-profile Trump associates have been convicted of various crimes, including his former personal attorney Michael Cohen, former campaign chairman Paul Manafort and White House strategist Steve Bannon.
Rudy Giuliani, who served as Trump’s personal attorney, had his home and office raided by federal agents last month as part of an investigation into his business dealings with Ukraine.
And hundreds of people were arrested in connection with the Jan. 6 riot on the U.S. Capitol, carried out by a pro-Trump mob seeking to overturn the 2020 election.
“It’s no coincidence that MAGA-world is full of convicted or alleged criminals. Fundamental to the movement’s worldview is the belief that they are above democracy and above the law,” the “Late Night” host said Monday. “It’s the reason these same people have been pushing the big lie that the 2020 election was stolen from Trump, and yet virtually the entirety of the Republican establishment has decided to stand in lockstep behind Trump. The entire enterprise is corrupt.”
Watch his roast below:
RELATED…
Recasting the ‘Riots’ of the 1960s as Rebellions by Blacks Under Siege
When you purchase an independently reviewed book through our site, we earn an affiliate commission.
By Peniel E. Joseph
AMERICA ON FIRE
The Untold History of Police Violence and Black Rebellion Since the 1960s
By Elizabeth Hinton