Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2019
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Danaos Corporation (DAC) Reports Q1 EPS of $2.53, Revenues Beat
May 13, 2019 4:34 PM EDTDanaos Corporation (NYSE: DAC) reported Q1 EPS of $2.53, versus $3.56 reported last year. Revenue for the quarter came in at $112.9 million versus the consensus estimate of $108.03 million.
Adjusted net income1 of $38.6 million, or $2.53 per share2, for the three months ended March 31, 2019 compared to $28.0 million, or $3.56 per share2, for the three months ended March 31, 2018, an increase of 37.9%.Operating revenues of $112.9 million for the three months ended March 31, 2019 compared to $111.9 million for the three months ended March 31, 2018, an increase of 0.9%.Adjusted EBITDA1 of $77.5 million for the three months ended March 31, 2019 compared to $76.6... More