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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.

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