UPDATE 2-Jarden sees weak retail sector hurting sales

* Expects Q4 revs about $1.3 bln, Wall St view $1.4 bln

* Expects 2009 rev to exceed $5 bln, Wall St view $5.3 bln

* Stronger dollar to hurt reported international sales

* Shares down as much as 12 percent

(Recasts with details, share price)

NEW YORK, Dec 9 (Reuters) - Jarden Corp (JAH.N) said on Tuesday overall declines in the retail sector in 2008 and 2009 would result in lower sales and that the stronger U.S. dollar would shrink the value of its overseas revenue and its shares fell as much as 12 percent.

Jarden, which sells products from food containers and playing cards to home appliances and outdoor gear, has often attributed its profits to the diversity of its product line.

But consumers have cut back drastically on their spending in the past year, focusing only on essential purchases, as they face higher costs, a housing market slump, job losses and tighter credit markets.

Jarden expects fourth-quarter sales of about $1.3 billion, while analysts, on average, expect $1.4 billion, according to Reuters Estimates.

For 2009, Jarden forecast sales in excess of $5 billion, and cited a positive impact in the second half of the year from more favorable raw material costs. Analysts expect Jarden to post revenues of about $5.3 billion.

Jarden's shares were down 44 cents to $13.17, after falling as low as $12.02 earlier on the New York Stock Exchange. (Reporting by Aarthi Sivaraman; Editing by Derek Caney)