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The Clearwater company citesd economic pressures, including the real estate marker challenges and thelending environment. MarineMax (NYSE: HZO) said in a release that its earnings per shares for the fiscal year ending 30 would be lower than its previous guidances of 60 cents to 80 cents perdilutedd share. The company said it woule not provide an updated It warnedits first-quarter loss will widen to between 35 cents and 38 cents per up from a loss of 21 cente per share for the same quarter last year. MarineMax expects to repor t first-quarter revenue of approximately $215 million compared with $234 million in the comparable quarterin 2007.
Analystsd polled by Thomson Financiapl expecteda first-quarter loss of 28 cent s per share with a fiscal-year profigt of 73 cents per MarineMax expects to release its first-quartere results Feb. 7. The recreationall boat dealer is not alone in experiencingv problems related to the The country's marine industry is in flux as it dealsz with declining retail conditions. Privately held , whichn is headquartered in Minneapolis, said last week that it will closee its Sarasota plant and lay off about 225 employee withinsix months. Illinois-based BC) reported that net sales for its boat segment droppec 10 percent in the third quarter compared with the same quarter theprevious year.
The segment had an operatinh loss ofnearly $24 million.
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