Danaos Q4 2023 GAAP EPS $7.70 Misses $7.79 Estimate, Sales $249.31M Miss $250.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaos Corporation (NYSE:DAC) reported Q4 2023 earnings of $7.70 per share, missing the consensus estimate of $7.79. Quarterly sales were $249.31M, slightly below the estimate of $250.19M, marking a 1.25% decrease from the same period last year.

February 13, 2024 | 9:32 pm
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Danaos Corporation reported lower-than-expected Q4 2023 earnings and sales, missing estimates slightly.
Missing both earnings and sales estimates, even by small margins, can lead to negative investor sentiment in the short term. Given the close miss on both fronts, it suggests a slight underperformance which could pressure the stock price.
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