Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2021
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Danaos Corporation (DAC) Misses Q1 EPS by 7c, Revenues Miss
May 10, 2021 5:35 PM EDTDanaos Corporation (NYSE: DAC) reported Q1 EPS of $2.83, $0.07 worse than the analyst estimate of $2.90. Revenue for the quarter came in at $132.1 million versus the consensus estimate of $135.04 million.
Highlights for the First Quarter Ended March 31, 2021:
Adjusted net income1 of $58.0 million, or $2.83 per share, for the three months ended March 31, 2021 compared to $33.3 million, or $1.34 per share, for the three months ended March 31, 2020, an increase of 74.2%.Operating revenues of $132.1 million for the three months ended March 31, 2021 compared to $106.2 million for the three months ended March 31, 2020, an increase of 24.4%.Adjusted EBITDA1 of $96.3... More