MarineMax rises on surprise Q1 profit
23/01/2025 12:47
** Boat dealer MarineMax's HZO.N shares up 9.16% at $30.50
premarket
** Co posts Q1 adjusted profit of 17 cents/share, compared
to analysts' expectations of a loss of 19 cents/share according
to data compiled by LSEG
** Q1 revenue falls 11.2% to $468.5 mln, primarily due to
slow demand and disruptions from hurricanes Milton and Helene,
but above analysts' expectation of $485.1 mln
** Co reaffirms forecast for annual EPS and revenue
** “While economic conditions in the recreational marine
industry remain challenging, we anticipate that the pace of
activity improves as we move into the spring selling season,” -
CEO
** HZO stock fell 25.6% in 2024
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))