ATHENS, Greece (AP) — ATHENS, Greece (AP) — Danaos Corp. (DAC) on Monday reported net income of $140.4 million in its first quarter.

The Athens, Greece-based company said it had net income of $7.70 per share. Earnings, adjusted for one-time gains and costs, came to $6.72 per share.

The shipping company posted revenue of $253.7 million in the period. Its adjusted revenue was $252.7 million.

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