MarineMax gains as Q4 revenue beats estimates

MarineMax

26/10/2023 14:11

** Shares of recreational boat and yacht retailer MarineMax
 HZO.N  gain 7.9% to $31 premarket 
    ** Co reports Q4 revenue of $594.6 mln, beating analysts'
estimates of $531.6 mln - LSEG data 
    ** Top-line results fueled by consumer demand for the
boating lifestyle and acquisition of IGY Marinas - CEO Brett
McGill
    ** Q4 adj. earnings of 69 cents/shr miss estimates 
    ** HZO forecasts FY24 adj. earnings per share between $4.50
and $5.00 vs analysts' expectations of $4.55
    ** Stock down 8% YTD, as of last close 


 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))