Danaos Q2 Adj EPS $7.14 Beats $6.67 Estimate, Sales $241.48M Beat $225.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaos Corporation (NYSE:DAC) reported Q2 adjusted earnings of $7.14 per share, beating the analyst consensus estimate of $6.67 by 7.05%. However, this is a 5.93% decrease from the same period last year. The company also reported quarterly sales of $241.48 million, surpassing the analyst consensus estimate of $225.75 million by 6.97%, but marking a 3.76% decrease from the same period last year.
August 07, 2023 | 11:31 am
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Danaos Corporation's Q2 earnings and sales beat analyst estimates, but both showed a decrease compared to the same period last year.
While Danaos Corporation beat analyst estimates for Q2 earnings and sales, the year-over-year decrease in both metrics might cause some concern among investors. This mixed result could lead to a neutral short-term impact on the company's stock price.
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