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Stock impact report

Danaos Corp reports Q4 loss per share $4.07 [Reuters]

Danaos Corporation (DAC) 
Last danaos corporation earnings: 2/10 05:00 pm Check Earnings Report
Company Research Source: Reuters
4:53pm EST   Danaos Corp - : Danaos Corporation reports results for the fourth quarter and year ended december 31, 2016 . Q4 adjusted earnings per share $0.21 . Q4 revenue fell 21.8 percent to $112.1 million . Q4 loss per share $4.07 . Following Hanjin bankruptcy, our near term exposure to weak spot market has increased . Have recognized an impairment loss of $415.1 million in relation to 25 of our vessels as of December 31, 2016 . Danaos-Co has unsecured claim for unpaid charter hire,charges,expenses,loss of profit against hanjin of $597.9 million submitted to bankruptcy court of seoul .Currently in a position to fully service all of its operational and contractual obligations.  Show less Read more
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