Investing.com - Danaos (NYSE:DAC) 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 March 17.
Danaos follows other major Industrials sector earnings this month
Danaos's report follows an earnings beat by United Parcel Service on October 25, 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 October 25 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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