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MarineMax Lowers Earnings Guidance - Quick Facts

MarineMax, Inc. (HZO) reported a same-store sales growth of 3% for the third-quarter driven by even greater unit growth. Based on current business conditions, retail trends, the company updated its fiscal 2019 earnings expectations.

For 2019, the company now expects earnings per share in the range of $1.60 to $1.70, compared to its previous range of $1.75 to $1.85. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.68. Analysts' estimates typically exclude special items.

For the third-quarter, excluding items, earnings per diluted share grew approximately 6.3% to $0.84, compared to $0.79, last year. On average, ten analysts expected the company to report profit per share of $0.83 for the quarter.

Third-quarter revenue increased greater than 6% to $383.5 million from $361.3 million, last year, with same-store sales growth of 3%. Analysts expected revenue of $390.75 million, for the quarter.

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