Danaos Corp (DAC) announced earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $115.45 million, or $6.13 per share. This compares with $150.50 million, or $7.68 per share, last year.
Excluding items, Danaos Corp reported adjusted earnings of $113.42 million or $6.04 per share for the period.
Analysts on average had expected the company to earn $6.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.1% to $253.31 million from $253.45 million last year.
Danaos Corp earnings at a glance (GAAP) :
-Earnings: $115.45 Mln. vs. $150.50 Mln. last year.
-EPS: $6.13 vs. $7.68 last year.
-Revenue: $253.31 Mln vs. $253.45 Mln last year.
For comments and feedback: editorial@rttnews.com