U.S. Markets close in 1 hr 51 mins

MarineMax: Fiscal 1Q Earnings Snapshot

CLEARWATER, Fla. (AP) _ MarineMax Inc. (HZO) on Wednesday reported fiscal first-quarter profit of $4.9 million.

On a per-share basis, the Clearwater, Florida-based company said it had profit of 21 cents.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The recreational boat dealer posted revenue of $241.9 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $247.7 million.

MarineMax expects full-year earnings in the range of $1.85 to $1.95 per share.

MarineMax shares have increased 7 percent since the beginning of the year. The stock has increased nearly 1 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HZO at https://www.zacks.com/ap/HZO