UPDATE 1-Dick's Sporting sees Q4 profit within prior view

Feb 5 (Reuters) - Dick's Sporting Goods Inc (DKS.N) expects to record a pretax non-cash impairment charge that will hurt its 2008 earnings, but said its fourth-quarter profit will fall within its previous outlook range.

Excluding the impairment charge and other costs, fourth-quarter earnings are expected to be at least at the midpoint of a range of 49 cents to 56 cents per share.

Analysts on average expect the company to earn 51 cents in the quarter, according to Reuters Estimates.

Shares of the company rose to $12.65 in weak after-hours trade. They had closed at $11.26 Thursday on the New York Stock Exchange. The company, whose fourth-quarter same-store sales decreased about 8.6 percent, said the non-cash impairment charge would decrease net income by about $1.29 to 1.37 per share in fiscal 2008.

The company's liquidity position is not adversely affected by this non-cash charge, it said in a statement. (Reporting by Renju Jose in Bangalore; Editing by Pratish Narayanan)