PIRAEUS, Greece (AP) _ Danaos Corp. (DAC) on Monday reported first-quarter net income of $296.8 million.
On a per-share basis, the Piraeus, Greece-based company said it had net income of $14.47. Earnings, adjusted for one-time gains and costs, were $2.83 per share.
The shipping company posted revenue of $132.1 million in the period.
Danaos shares have nearly tripled since the beginning of the year. In the final minutes of trading on Monday, shares hit $63.75, rising fourteenfold in the last 12 months.
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