ATHENS, Greece (AP) — ATHENS, Greece (AP) — Danaos Corp. (DAC) on Tuesday reported profit of $150.5 million in its first quarter.

On a per-share basis, the Athens, Greece-based company said it had net income of $7.68. Earnings, adjusted for non-recurring gains, came to $7.15 per share.

The shipping company posted revenue of $253.4 million in the period.

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