Aflac (AFL) Tops Q2 EPS by 19c, Affirms Outlook

Aflac (NYSE: AFL) reported Q2 EPS of $1.83, $0.19 better than the analyst estimate of $1.64. Revenue for the quarter came in at $5.4 billion versus the consensus estimate of $5.44 billion.

GUIDANCE:

Aflac sees Q3 2017 EPS of $1.51-$1.69.

Chairman and CEO Dan Amos commented "In the second half of the year, as we continue to focus on initiatives designed to drive future growth, our expectation is to increase spending, particularly related to IT and promotional expenditures. However, I want to reiterate our 2017 earnings guidance. Our six month results put us on track to produce stable operating earnings per diluted share of $6.40 to $6.65, assuming the weighted-average exchange rate in 2016 of 108.70 yen to the dollar. If the yen averages 105 to 115 to the dollar for the third quarter, we would expect operating earnings, a non-U.S. GAAP measure, to be approximately $1.51 to $1.69 per diluted share in the third quarter. As always, we are working very hard to achieve our earnings-per-share objective while also making sure we deliver on our promise to policyholders."

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

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