Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2019
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Danaos Corporation (DAC) Tops Q4 EPS by 34c, Revenues Beat
February 10, 2020 5:01 PM ESTDanaos Corporation (NYSE: DAC) reported Q4 EPS of $2.01, $0.34 better than the analyst estimate of $1.67. Revenue for the quarter came in at $110.2 million versus the consensus estimate of $103.19 million.
Highlights for the Fourth Quarter and Year Ended December 31, 2019:
Adjusted net income1 of $38.0 million, or $2.01 per share2, for the three months ended December 31, 2019 compared to $36.6 million, or $2.45 per share2, for the three months ended December 31, 2018, an increase of 3.8%. Adjusted net income1 of $148.7 million, or $9.17 per share2, for the year ended December 31, 2019 compared to $131.2 million, or $12.35 per share2, for the year ended December 31, 2018, an increase... More