U.S. Markets closed

Danaos: 4Q Earnings Snapshot

PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported fourth-quarter net income of $33.8 million.

On a per-share basis, the Piraeus, Greece-based company said it had net income of $1.79. Earnings, adjusted for amortization costs, came to $2.01 per share.

The shipping company posted revenue of $110.2 million in the period.

For the year, the company reported net income of $131.3 million, or $8.09 per share, swinging to a profit in the period. Revenue was reported as $447.2 million.

Danaos shares have dropped 37% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.75, a drop of 50% in the last 12 months.

_____

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