Danaos Q3 2023 Adj. EPS $7.26 Misses $7.36 Estimate, Revenue $239.215M Beats $234.246M Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaos Corporation reported Q3 2023 adjusted earnings per share (EPS) of $7.26, missing the analyst estimate of $7.36. However, their revenue of $239.215 million exceeded the expected $234.246 million.
November 13, 2023 | 9:38 pm
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Danaos Corporation's Q3 2023 adjusted EPS fell short of estimates by $0.10, but revenue outperformed expectations.
The miss in EPS is generally seen as negative by investors, but the beat on revenue can offset this view. The mixed results may lead to a neutral short-term impact on the stock as the market digests both aspects of the earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100