AFLAC Earns $1.03 per Share

AFLAC (AFL) just released its Q3 earnings report. For the quarter, the duck stock made $1.03 per share which was four cents better than estimates. The yen averaged 111.48 during the quarter, so thankfully, the exchange rate didn’t have a big impact on their numbers.

For Q3, AFLAC had been expecting earnings of 87 cents to $1.02 per share (a wide range), which assumed an exchange rate of ¥110 to ¥115 to the dollar. So far this year, AFLAC has made $3.11 per share. That’s a 19.6% increase over last year.

Now for guidance. AFLAC sees itself coming in at the “high end” of its previous guidance which was $3.90 to $4.06 per share. That assumes an exchange rate of ¥112.16 to the dollar.

If by “high end” AFLAC means $3.98 to $4.06 per share, then that means they see Q4 coming in between 87 cents and 95 cents per share. Wall Street had been expecting 96 cents per share. I think the Street expected them to raise guidance. The shares lost 3.5% today.

Posted by on October 24th, 2018 at 4:13 pm


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