AFLAC Inc Q2 Profit Increases, beats estimates

(RTTNews) - AFLAC Inc (AFL) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $1.39 billion, or $2.16 per share. This compares with $1.11 billion, or $1.62 per share, in last year's second quarter.

Excluding items, AFLAC Inc reported adjusted earnings of $0.94 billion or $1.46 per share for the period.

Analysts on average had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.9% to $5.40 billion from $5.56 billion last year.

AFLAC Inc earnings at a glance (GAAP) :

-Earnings (Q2): $1.39 Bln. vs. $1.11 Bln. last year. -EPS (Q2): $2.16 vs. $1.62 last year. -Analyst Estimate: $1.28 -Revenue (Q2): $5.40 Bln vs. $5.56 Bln last year.