U.S. Markets open in 9 hrs 15 mins

MarineMax: Fiscal 4Q Earnings Snapshot

CLEARWATER, Fla. (AP) _ MarineMax Inc. (HZO) on Tuesday reported fiscal fourth-quarter profit of $11.5 million.

On a per-share basis, the Clearwater, Florida-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring gains, were 45 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The recreational boat dealer posted revenue of $308.6 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $274 million.

For the year, the company reported profit of $39.3 million, or $1.71 per share. Revenue was reported as $1.18 billion.

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

MarineMax shares have climbed slightly since the beginning of the year. The stock has risen 20 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