Friday, March 6, 2009

West Marine posts smaller loss in 4Q - Forbes.com

"Recreational boating supply retailer West Marine Inc. on Thursday said its loss narrowed in the fourth quarter due to tightened controls on expenses.

For the three months ended Jan. 3, net loss in was $29 million, or $1.31 per share. In the year-ago period, the company reported a loss of $65.6 million, or $3 per share.
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Revenue in the fourth quarter was $111.1 million, a 6 percent drop $118.3 million the same time a year ago."

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