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Q3 2017 Earnings Calendar

  • AFLAC (AFL) just reported Q3 operating earnings per diluted share of $1.70. Wall Street had been expecting $1.63 per share.

    A few items. That includes an after-tax benefit of four cents per share. Also, the yen/dollar exchange rate knocked off seven cents per share last quarter. So, excluding the impact of the weaker yen, operating earnings per diluted share rose 1.7% to $1.77.

    In July, the duck stock said to expect Q3 earnings to range between $1.51 and $1.69 per share. That assumes the yen averages between 105 and 115.

    AFLAC also raised their quarterly dividend by two cents to 45 cents per share.

    The company is also raising its full-year forecast.

    “Having completed the first nine months of the year, I am pleased with the company’s overall results. We believe those results, combined with our outlook for the remainder of 2017, well-position Aflac for another year of solid financial performance. We continue to expect increased spending in the fourth quarter in support of initiatives designed to drive future growth. I am extremely pleased that we are upwardly revising our 2017 operating earnings per diluted share outlook from a range of $6.40 to $6.65 to a higher range of $6.75 to $6.95, both of which exclude the impact of the yen. If the yen averages ¥110 to ¥115 to the dollar for the fourth quarter, we would expect operating earnings, a non-GAAP measure, to be approximately $1.42 to $1.66 per diluted share in the fourth quarter, making full-year operating earnings approximately $6.62 to $6.86 per diluted share.”

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