Danaos Corp. (DAC) posted first quarter net income of $31.5 million or $0.58 per share, compared to $100.4 million or $1.84 per share in the previous year quarter.
Operating revenues for the quarter increased to $69.9 million from $62.0 million in the last year quarter.
Analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.49 per share on revenues of $70.33 million.
The company Board declared a dividend of $0.465 per common share for the first quarter of 2008 payable on May 14, 2008 to all shareholders of record as of April 30, 2008.
Operating revenues for the quarter increased to $69.9 million from $62.0 million in the last year quarter.
Analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.49 per share on revenues of $70.33 million.
The company Board declared a dividend of $0.465 per common share for the first quarter of 2008 payable on May 14, 2008 to all shareholders of record as of April 30, 2008.