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Clearwater Boat retailer MarineMax reports larger-than-expected loss

Struggling MarineMax, the Clearwater boat retail giant, continued to tread water through the depressed economy and higher gas prices.

In the quarter ended June 30, the company lost 49 cents a share or, $9.2 million, while analysts were expecting a loss of 9 cents. That included $2 million, or 11 cents a share, in charges for store closings.

Sales in stores open more than a year dropped 39 percent compared with the same quarter a year ago as revenues slumped to $152 million, down from $271 million.

The quarterly loss, however, was better than a year ago when the company lost $113 million, or $6.15 a share.

Clearwater Boat retailer MarineMax reports larger-than-expected loss 07/30/09 [Last modified: Thursday, July 30, 2009 4:31pm]

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