07:30 AM EDT, 04/29/2024 (MT Newswires) -- Daqo New Energy ( DQ ) reported Q1 adjusted earnings Monday of $0.55 per diluted American depositary share, down from $3.93 a year earlier.

Analysts' estimates weren't available for comparison.

Revenue for the quarter ended March 31 was $415.3 million, down from $709.8 million a year earlier.

A single analyst surveyed by Capital IQ expected $491.9 million.

Shares of the company were down over 6% in recent Monday premarket activity.

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