Aflac (AFL) Misses Q1 EPS by 15c, Beat on Revenues; Reiterates FY Earnings Guidance

Aflac (NYSE: AFL) reported Q1 EPS of $1.47, $0.15 worse than the analyst estimate of $1.62. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.34 billion.

GUIDANCE:

Aflac sees FY2017 EPS of $6.40-$6.65, versus the consensus of $6.44.

"I want to reiterate our 2017 earnings guidance. Our first quarter results put us squarely on track to produce stable operating earnings per diluted share of $6.40 to $6.65, assuming the average exchange rate in 2016 of 108.70 yen to the dollar. If the yen averages 105 to 115 to the dollar for the second quarter, we would expect operating earnings, a non-U.S. GAAP measure, to be approximately $1.55 to $1.70 per diluted share in the second quarter. As always, we are working very hard to achieve our earnings-per-share objective while also ensuring we deliver on our promise to policyholders."

For earnings history and earnings-related data on Aflac (AFL) click here.

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