Danaos Corp has outdone analysts' expectations, posting better earnings amid lower finance expenses and higher revenue.
The John Coustas-led boxship owner reported $38.5m in net income for the second quarter, up from $30.1m for the same period last year.
Adjusted profit came in at $42.5m versus $34.3m during the same stage in 2019.
Those results translated into $1.71 earnings per share (EPS), beating Wall Street consensus by $0.29
