Danaos: 1Q Earnings Snapshot
PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported first-quarter net income of $29.1 million.
The Piraeus, Greece-based company said it had net income of $1.17 per share. Earnings, adjusted for amortization costs, came to $1.34 per share.
The shipping company posted revenue of $106.2 million in the period.
In the final minutes of trading on Monday, the company’s shares hit $4.18. A year ago, they were trading at $13.04.