Danaos Q2 2024 Adj. EPS $6.78 Misses $7.28 Estimate, Sales $246.306M Beat $239.479M Estimate
Portfolio Pulse from Benzinga Newsdesk
Danaos (NYSE:DAC) reported Q2 2024 earnings per share (EPS) of $6.78, missing the analyst estimate of $7.28 by 6.87%. However, the company beat sales estimates with $246.306 million, a 2.85% increase over the expected $239.479 million.
August 05, 2024 | 8:58 pm
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NEUTRAL IMPACT
Danaos reported Q2 2024 EPS of $6.78, missing estimates by 6.87%, but sales of $246.306 million beat expectations by 2.85%.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100