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Danaos: 1Q Earnings Snapshot

May 18, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAC at https://www.zacks.com/ap/DAC

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