PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Tuesday reported a fourth-quarter loss of $181 million, after reporting a profit in the same period a year earlier.
The Piraeus, Greece-based company said it had a loss of 87 cents per share. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The shipping company posted revenue of $115.6 million in the period.
For the year, the company reported a loss of $32.9 million, or 22 cents per share, swinging to a loss in the period. Revenue was reported as $458.7 million.
In the final minutes of trading on Tuesday, the company's shares hit 86 cents. A year ago, they were trading at $1.35.
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