(NASDAQ:RCII) Down 10% on Poor Forecast - Loser Stock

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Shares of Rent-A-Center, Inc (NASDAQ:RCII) plunged 8% to $18.79 after reports Q3 EPS of $0.55, 4 cents better than the analyst estimate of $0.51. Revenue for the quarter was $671.30 million, which compares to the estimate of $677.82 million. Sees Q4 revs of $662 - $677 million, versus $692.3 million previous. FY09 revs at $2.74 billion - $2.80 billion, versus previous estimate of $2.77 billion. FY10 EPS $2.30 - $2.50, versus $2.50 previous estimate.

Rent-A-Center, Inc. is a rent-to-own operator in the United States. As of June 30, 2009, the Company operated 3,021 Company-owned stores nationwide and in Canada and Puerto Rico, including 35 retail installment sales stores under the names Get It Now and Home Choice and 13 rent-to-own stores in Canada under the names Rent-A-Centre and Better Living.

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