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Danaos: 2Q Earnings Snapshot

PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported second-quarter earnings of $30.1 million.

On a per-share basis, the Piraeus, Greece-based company said it had profit of $1.97. Earnings, adjusted for amortization costs, came to $2.24 per share.

The shipping company posted revenue of $112.3 million in the period.

Danaos shares have dropped 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.32, a decline of 69% in the last 12 months.

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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