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Danaos: 2Q Earnings Snapshot

PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported second-quarter net income of $5.8 million.

On a per-share basis, the Piraeus, Greece-based company said it had profit of 5 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 27 cents per share.

The shipping company posted revenue of $113.5 million in the period.

In the final minutes of trading on Monday, the company's shares hit $1.60. A year ago, they were trading at $1.40.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAC at https://www.zacks.com/ap/DAC