Earnings from AFLAC and FICO

After the closing bell, AFLAC (AFL) reported earnings of $1.42 per share. That was five cents more than estimates. The weaker yen/dollar exchange rate pinged earnings by six cents per share. Total revenues were $5.3 billion in Q1 compared with $5.9 billion last year. AFLAC’s U.S. sales increased by 19.0% to $299 million.

Commenting on the company’s results, Chairman and Chief Executive Officer Daniel P. Amos stated: “The company generated solid earnings for the first quarter, supported in part by the continuation of low benefit ratios associated with pandemic conditions and better-than-expected returns from alternative investments, despite the weakening yen. We continue to remain cautiously optimistic as we continue to navigate the pandemic.

“Looking at our operations in Japan, persistency remained strong in the first quarter, but sales were constrained as we continued to operate in the wake of evolving pandemic conditions, including various states of emergency that were in effect through mid-March. These impacted our ability to meet face-to-face with customers, which continues to be key to a recovery in sales. Recognizing pandemic conditions in Japan, we expect stronger sales in the second half of the year assuming that those conditions subside, productivity continues to improve at Japan Post, and we execute on our product introduction and refreshment plans.

The stock is about flat in after-hours trading.

FICO (FICO) said it made $4.68 per share for its fiscal Q2. That beat estimates of $3.73 per share. Revenue increased to $357 million.

“We continue to deliver strong results in an uncertain economic environment,” said Will Lansing, chief executive officer. “We’re delivering strong top-line growth, and our focus on efficiency has enabled us to deliver expanded margins.”

FICO raised its full-year guidance from $14.12 per share to $16.08 per share. The company has already made $8.36 for the first six months of this year.

The stock is up 3.3% in after-hours trading.

Posted by on April 27th, 2022 at 4:15 pm


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