Earnings - 2nd February 2009

4:45PM Anadarko Petro misses by $0.01, beats on revs (APC) 36.09 -0.65 : Reports Q4 (Dec) earnings of $0.16 per share, excluding $1.63 in certain items that are typically excluded by the investment community in published estimates, $0.01 worse than the First Call consensus of $0.17; revenues rose 24.4% year/year to $3.81 bln vs the $2.48 bln consensus.

4:29PM Rent-A-Center beats by $0.03, reports revs in-line; guides Q1 EPS above consensus, revs below consensus; guides FY09 EPS above consensus, revs in-line (RCII) 15.14 +0.29 : Reports Q4 (Dec) earnings of $0.47 per share, excluding $0.08 in gains and a $0.01 charge, $0.03 better than the First Call consensus of $0.44; revenues fell 2.4% year/year to $699.8 mln vs the $697.4 mln consensus. Co issues upside EPS guidance for Q1, sees EPS of $0.54-0.60 vs. $0.52 consensus; sees Q1 revs of $721-741 mln vs. $748.15 mln consensus. Co issues upside EPS guidance for FY09, sees EPS of $2.15-2.32 vs. $2.00 consensus; sees FY09 revs of $2.83-2.89 bln vs. $2.85 bln consensus.

3:49PM Central European Dist reaffirms FY08 guidance; lowers FY09 guidance with impact of recent changes in exchange Rates (CEDC) 10.02 -2.18 : Co reaffirms guidance for FY08 (Dec), sees EPS of $2.85-3.05 vs. $2.81 First Call consensus; sees FY08 (Dec) revs of $1.65-1.80 bln vs. $1.69 bln consensus. Co lowers guidance for FY09 (Dec), sees EPS of $2.50-2.80, down from $3.75-4.00, vs. $3.16 consensus; sees FY09 (Dec) revs of $1.25-1.40 bln, down from $1.93-2.03 bln, vs. $1.67 bln consensus. The prior guidance given in November 2008 was based upon exchange rates of Polish Zloty to USD of 2.50 to 2.60 and Russian Ruble to USD of 26.00 to 26.50; the revised guidance is based upon exchange rates assumptions of 3.30 to 3.50 for the Polish Zloty to USD and 35.00 to 37.00 for the Russian Ruble to USD. The fully diluted number of shares used to calculate the above per share guidance is approximately 47.2 million. "We have not experienced any material slow down in our receivables in Russia and Poland to date and continue to see positive cash flows. We look forward to the challenges ahead of us for the year 2009 as our key management objectives continue to focus on growing our margins, improving operating efficiency and lowering our interest cost."

2:22AM BE Aerospace beats by $0.07, misses on revs; provides Q109 and FY09 guidance (BEAV) 9.67 : Reports Q4 (Dec) earnings of $0.53 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.46; revenues rose 13.7% year/year to $526.8 mln vs the $595.1 mln consensus. Bookings during Q4 were approx $450 mln and reflect a book-to-bill ratio of approx 0.85 to 1. Backlog at the end of the quarter was approx $2.9 bln and represents an increase of approx 32% as compared with the co's December 31, 2007 backlog. Approx 9% of the backlog represents orders from U.S. airlines, while approx 55%is from international customers. Co issues downside guidance for Q109; sees EPS of $0.40 per share, excluding items, $0.04 worse than the First Call consensus of $0.44. This is due to a weak product mix at the commercial aircraft segment reflecting decreased retrofit shipments and decreased shipments associated with new aircraft deliveries associated with Boeing strike. Co anticipates Q2, Q3 and Q4 to have both higher revenues and better product mix than Q1. 2009 revenues are expected to be slightly higher compared with 2008 or approx $2.25 bln (First Call consensus:  $2.46 bln), reflecting the inclusion of HCS for the full year. On a proforma basis, giving effect to the inclusion of the HCS business for all of 2008, 2009 revenues are expected to decline by approx 8%. FY09 EPS are expected to be slightly lower compared with 2008 at approx $2.00 per diluted share (First Call consensus:  $1.88), excluding AIT costs of approx $0.10 per diluted share, reflecting a deterioration in mix due to lower sales of higher margin aftermarket products, reduced shipments associated with new aircraft deliveries as a result of the Boeing strike and decreased retrofit shipments.