Danaos Corporation (DAC) Tops Q1 EPS by 15c, Revenues Beat
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Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2020
May 18, 2020 4:30 PM EDTATHENS, Greece, May 18, 2020 /PRNewswire/ --Â Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the quarter ended March 31, 2020.
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... More