India, April 25 -- Shares of MarineMax, Inc. (HZO), a recreational boat, yacht and superyacht services company, were down more than 13 percent in pre-market on Thursday to $23.88 after reporting second-quarter results below analyst' view. The company also cut its full-year outlook.
For the second quarter, net income declined significantly to $1.6 million, or $0.07 per share, from $30.0 million, or $1.35 per share, in the same period last year.
Excluding one-time items, earnings were $4.1 million, or $0.18 per share, that missed the average estimate of analysts polled by Thomson-Reuters of $0.66 per share.
Revenue for the quarter, however, increased 2 percent to $582.9 million from $570.3 million in the comparable period last year, but mi...