MarineMax plummets after Q1 profit miss
25/01/2024 13:12
** Shares of boat retailer MarineMax HZO.N fall 15.7% to
$27.98
** Co reports Q1 2024 adj profit of 19 cents/shr vs
analysts' average estimate of 50 cents/shr, according to LSEG
data
** Says the lower profitability was due to increased
discounting on certain boat models
** Co cuts its 2024 adj. earnings per share forecast to
$3.20-$3.70 from $4.50-$5.00
** Up to last close, stock down 4.3% in the last 12 months
(Reporting by Christy Santhosh)
((Christy.Santhosh@thomsonreuters.com))