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Danaos: 3Q Earnings Snapshot

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.

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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