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.