CAG reports 22 cent Q4 beat, guides 2008 above consensus

Earned 63 cents vs. 41 cent estimate.
Divesting Trading and Merchandising segment.

-- The company expects fiscal 2008 EPS to be in the range of $1.80-$1.85, excluding items impacting comparability. Given that the Trading & Merchandising transaction is expected to be completed over the next few months, Trading & Merchandising results likely will be classified as discontinued operations in future financial statements.