Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2020
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Danaos Corporation (DAC) Tops Q1 EPS by 15c, Revenues Beat
May 18, 2020 4:33 PM EDTDanaos Corporation (NYSE: DAC) reported Q1 EPS of $1.34, $0.15 better than the analyst estimate of $1.19. Revenue for the quarter came in at $106.2 million versus the consensus estimate of $103.01 million.
Highlights for the First Quarter Ended March 31, 2020:
Adjusted net income1 of $33.3 million, or $1.34 per share, for the three months ended March 31, 2020 compared to $38.6 million, or $2.53 per share, for the three months ended March 31, 2019, a decrease of 13.7%.Operating revenues of $106.2 million for the three months ended March 31, 2020 compared to $112.9 million for the three months ended March 31, 2019, a decrease of 5.9%.Adjusted EBITDA1 of $71.9... More