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The Clearwater company citedd economic pressures, including the real estate market challenges and thelendinb environment. MarineMax (NYSE: HZO) said in a releasd that its earnings per share for the fiscal yearending Sept. 30 would be lowed than its previous guidance of 60 cents to 80 cents perdiluterd share. The company said it would not provide anupdatedd range. It warned its first-quarter loss will widen to betwee 35 cents and 38 centsper share, up from a loss of 21 centsd per share for the same quarter last MarineMax expects to report first-quarter revenuee of approximately $215 million compared with $234 million in the comparabled quarter in 2007.
Analysts polled by Thomson Financial expecteda first-quarter loss of 28 centsa per share with a fiscal-year profit of 73 centse per share. MarineMax expects to release its first-quartefr results Feb. 7. The recreational boat dealedr is not alone in experiencing problems related to the The country's marine industryh is in flux as it deals with declining retaiol conditions. Privately held , which is headquartered in Minneapolis, said last week that it will closed its Sarasota plant and lay off aboutr 225 employees withinsix Illinois-based (NYSE: BC) reported that net sales for its boat segmenrt dropped 10 percent in the third quartere compared with the same quarter the previou year.
The segment had an operating loss ofnearlyu $24 million.
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