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MarineMax's revenue falls by 40 percent compared to same quarter last year

The nation's largest boat retailer trimmed its losses in the fourth quarter of its fiscal year compared with the previous year, but revenue dropped by about 40 percent.

Clearwater-based MarineMax Inc. said that for the quarter ending Sept. 30, revenue fell to $124.4 million from $207.2 million during the same period a year ago. The net loss for the fourth quarter of fiscal 2010 was $1.8 million, or $0.08 per share, compared with a net loss of $33 million, or $1.72 per share, for the comparable quarter last year.

Revenue was $450.3 million for the end of the current fiscal year on Sept. 30, compared with $588.6 million for fiscal 2009. Same-store sales declined approximately 17 percent compared with a 29 percent decline for the previous fiscal year.

MarineMax shares closed at $7.78, up 7 percent for the day.

MarineMax's revenue falls by 40 percent compared to same quarter last year 11/04/10 [Last modified: Thursday, November 4, 2010 6:57pm]
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