AFLAC Inc Q3 adjusted earnings Beat Estimates

(RTTNews) - AFLAC Inc (AFL) released a profit for third quarter that decreased from the same period last year.

The company's profit totaled $0.89 billion, or $1.32 per share. This compares with $2.46 billion, or $3.44 per share, in last year's third quarter.

Excluding items, AFLAC Inc reported adjusted earnings of $1.03 billion or $1.53 per share for the period.

Analysts had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.6% to $5.24 billion from $5.67 billion last year.

AFLAC Inc earnings at a glance:

-Earnings (Q3): $1.03 Bln. vs. $0.99 Bln. last year. -EPS (Q3): $1.53 vs. $1.39 last year. -Analysts Estimate: $1.32 -Revenue (Q3): $5.24 Bln vs. $5.67 Bln last year.