UPDATE 1-Tractor Supply 2008, 2009 EPS view above Street

Jan 22 (Reuters) - Retail farm and ranch supplies retailer Tractor Supply Co (TSCO.O) forecast financial-year 2008 and 2009 earnings above expectations, sending its shares up more than 8 percent.

The company also said it will restate its results for the first three quarters of 2008 due to inventory adjustments.

Tractor supply, which saw a higher-than-anticipated, non-cash LIFO (last in-first out) provision, will file amendments with the U.S. Securities and Exchange Commission with its fourth-quarter report.

The charge amounts to $26.3 million after tax, or 70 cents per share, for the 2008 financial year, the company said in a statement.

Excluding charges, the company, which sells pet and animal products, maintenance products for agricultural and rural use and seasonal products such as lawn and garden power equipment, expects earnings between $2.87 a share and $2.89 a share for the 2008 financial year.

Analysts were expecting earnings of $2.54 a share for fiscal 2008.

For fiscal 2009, the Brentwood, Tennessee-based company expects to earn between $2.84 a share and $3.00 a share, excluding items.

Analysts were expecting earnings of $2.72 a share, before special items, according to Reuters Estimates.

Shares of the company were trading at $36.00 in after-hours trade. They had closed at $33.27 Thursday on Nasdaq.

For the alerts, please double-click [ID:nWNAB2593] (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Pratish Narayanan)