Aaron Rents (RNT) Reports Mixed Q4 Earnings; Guides Q1, Raises FY09 Outlook
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Aaron Rents, Inc. (NYSE: RNT) reports Q4 EPS of $0.39, compared to $0.28 in the same quarter last year. Revenue for the quarter was $404.9 million, versus the consensus of $411.19 million.
Same store sales rose 6.2% during the quarter.
Sees Q1 sales in excess of $445 million, versus the consensus of $388.02 million. EPS for the quarter are expected to be $0.49-$0.54.
Aaron Rents raises its FY09 EPS guidance from $1.70-$1.85 to $1.72-$1.87, versus the consensus of $1.76. Sales are expected to be about $1.75 billion, versus the Street estimate of $1.80 billion.
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