Aaron’s In Line, Reiterates Guidance

Zacks.com:

Leading rent-to-own operator Aaron’s Inc. (AAN) registered earnings per share of 43 cents in the fourth quarter of fiscal 2011, an increase of 13.2% from 38 cents reported a year ago. Earnings in the reported quarter were in line with the Zacks Consensus Estimate of 43 cents per share.

On a GAAP basis, the company posted a 5% increase with earnings per share reaching 40 cents per share in the fourth quarter, including 3 cents separation charge primarily related to the accelerated vesting of restricted stock units and stock options previously granted to its former Chief Executive Officer.