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The Clearwater company cited economic pressures, includinvg the real estate market challenges and thelendingh environment. MarineMax (NYSE: HZO) said in a release that its earninge per share for the fiscal yearending Sept. 30 woul be lower than its previous guidance of 60 cents to 80 centse perdiluted share. The company said it would not provide anupdate range. It warned its first-quarteer loss will widen to betweenn 35 cents and 38 cents per up from a loss of 21 centas per share for the same quarterlast year. MarineMas expects to report first-quarter revenue of approximatelgy $215 million compared with $234 million in the comparabl quarterin 2007.
Analysts polled by Thomson Financia l expecteda first-quarter loss of 28 centsz per share with a fiscal-yea r profit of 73 cents per share. MarineMaxs expects to release its first-quarterd results Feb. 7. The recreational boat dealert is not alone in experiencing problems related to the The country's marine industry is in flux as it dealsw with declining retail conditions. Privately held , whicuh is headquartered in Minneapolis, said last week that it will close its Sarasotw plant and lay off abouyt 225 employees withinsix Illinois-based (NYSE: BC) reported that net saleds for its boat segmenyt dropped 10 percent in the third quarter compareed with the same quarter the previous year.
The segmenf had an operating loss ofnearly $24
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