Investing.com - Aflac (NYSE:AFL) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Aflac announced earnings per share of $1.21 on revenue of $5.16B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $5.5B. That with comparison to EPS of $1.13 on revenue of $5.66B in the same period a year before.Aflac had reported EPS of $1.01 on revenue of $5.6B in the previous quarter.Analysts are expecting EPS of $1.1 and revenue of $5.49B in the upcoming quarter.
Aflac shares are down 25.82% from the beginning of the year and are trading at $39.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.43% year to date.
Aflac shares lost 0.61% in after-hours trade the report.
Aflac follows other major Financial sector earnings this month
Aflac's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
Mastercard had beat expectations on Wednesday with first quarter EPS of $1.83 on revenue of $4.01B, compared to forecast for EPS of $1.75 on revenue of $4B.
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