MarineMax Q3 Profit Up - Quick Facts

(RTTNews) - MarineMax, Inc(HZO), a recreational boat retailer, Thursday reported an increase in net income for the third quarter, reflecting higher revenues, and recovery of damages for Deepwater Horizon oil spill . The company said that it recovered $7 million from the Deepwater Horizon Settlement Program for damages it suffered as a result of the Deepwater Horizon oil spill in 2010.

Net income for the three-month period was $13.6 million or $0.56 per share, compared with $4.6 million or $0.20 per share during the same quarter last year.

On average, five analysts polled by Thomson Reuters expected earnings per share of $0.31 for the third quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter ended June 30 increased 16 percent to $175.8 million from prior year's $151.3 million. The Street expected the company to report revenues of $171.04 million for the quarter.