UPDATE 1-MarineMax posts wider-than-expected Q1 loss

* Posts wider Q1 loss, misses estimate * Q1 revenue nearly halves, misses estimates * Same-store sales fall 52 pct

Feb 3 (Reuters) - Boat retailer MarineMax Inc (HZO.N) reported a wider-than-expected quarterly loss that missed Wall Street estimates, hurt by weak economic conditions and continued volatility in the financial markets.

"While we have done our fair share of cost cutting, the industry will likely continue to be impacted by the soft economy," Chief Executive William McGill Jr said in a statement.

The company, whose premium brands include Sea Ray, Boston Whaler, Meridian, Cabo, and Bertram said net loss for the first quarter was $14.3 million, or 78 cents a share, compared with a loss of $6.4 million, or 35 cents a share, in a year ago period.

Included in the first-quarter net loss was 2 cents a share of costs related to the closing of five stores during the quarter.

Revenue at the Clearwater, Florida-based retailer almost halved, reflecting a same-store sales fall of 52 percent in the quarter.

Analysts' on average expected the company to post a loss of 70 cents a share on revenue of $111 million, according to Reuters Estimates.

The results came a week after its larger rival Brunswick Corp (BC.N), the world's largest maker of recreational boats also posted fourth-quarter loss, weighed down weakness in the global marine market.

MarineMax's stock, which has fallen nearly 75 percent in past six months, closed at $1.65 Monday on the New York Stock Exchange. (Reporting by Poojya Trivedi in Bangalore; Editing by Jarshad Kakkrakandy)