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.