PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Wednesday reported third-quarter net income of $127.2 million.
The Piraeus, Greece-based company said it had net income of 77 cents per share. Earnings, adjusted for non-recurring gains, came to 23 cents per share.
The shipping company posted revenue of $117.8 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $1.07. A year ago, they were trading at $1.63.
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