PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported third-quarter earnings of $33.9 million.
On a per-share basis, the Piraeus, Greece-based company said it had net income of $2.20. Earnings, adjusted for amortization costs, came to $2.46 per share.
The shipping company posted revenue of $111.8 million in the period.
Danaos shares have climbed 10% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.59, a decrease of 23% in the last 12 months.