logo
Plus   Neg
Share
Email

MarineMax Q2 Net Profit Declines, Trims FY EPS Projection Range

Boat and yacht retailer MarineMax Inc. (HZO) Thursday reported second quarter net profit of $5.303 million, down from $6.184 million in the prior week, despite 12 percent increase in revenues.

On a per share basis, earnings were down at $0.23, compared to $0.28 in the previous year. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.31 per share. Analysts estimates usually exclude special items.

Revenue for the quarter climbed to $303.59 million from $270.61 million in the prior year.

Looking ahead, the company now projects fiscal earnings in a range of $1.75 to $1.85 per share, while the earlier expectations were in a range of $1.85 to $1.95 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Crate and Barrel have recalled 1,500 push walkers due to risk of choking and laceration. Crate and Barrel have recalled Activity Push Walkers as those walkers can be damaged over time exposing sharp points and small parts, posing choking and laceration hazards to small children. The wooden recalled... YouTube is finalizing plans under which it will no longer serve "targeted" advertisements on its main site for videos meant for kids, Bloomberg reported, citing people familiar with the discussion. While the plan is reportedly intended to satisfy U.S. regulators, it could negatively impact the Google-owned video giant's ad sales as kids' content on YouTube is immensely popular. Apple Inc. (AAPL) is in the final stages of certifying advanced flexible Organic Light Emitting Diode or OLED screens from Chinese display maker BOE Technology Group for iPhones next year, the Nikkei Asian Review reported citing source. The U.S. tech giant has been attempting to reduce reliance on Samsung Electronics of South Korea.
Follow RTT