Investing.com - Danaos reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Danaos announced earnings per share of $8.71 on revenue of $260.04M. Analysts polled by Investing.com anticipated EPS of $6.61 on revenue of $222.62M.
Danaos shares are down 66.91% from the beginning of the year , still down 42.53% from its 52 week high of $107.47 set on Thursday, March 17, 2022.
Danaos follows other major Industrials sector earnings this month
Danaos's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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