Aarons Inc Issues Q4 2011 Guidance In Line With Analysts' Estimates; Raises FY 2011 Revenue Guidance; Lowers High End of Prior FY 2011 EPS Guidance To A Range In Line With Analysts' Estimates

Aarons Inc announced that for fourth quarter of 2011, it expects revenues (excluding revenues of franchisees) of approximately $520 million and diluted earnings per share (EPS) in the range of $.41 to $.45 per share, assuming no significant store or asset sales. For fiscal 2011, it expects revenues (excluding revenues of franchisees) of approximately $2.020 billion EPS in the range of $1.45 to $1.49 and non-GAAP fiscal year diluted earnings per share in the range of $1.73 to $1.77, which excludes the second quarter lawsuit related charge. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.44 on revenues of $519 million for the fourth quarter of 2011; EPS of $1.78 on revenues of $2.017 billion for fiscal 2011.