Shares of insurance giant Aflac (AFL) are rising 48 cents, or 1%, to $50.18 in after-hours trading after the company this evening missed Q4 revenue estimates but beat on the bottom line by three cents and offered a forecast above expectations for this year.
Q4 revenue rose 8% to $4.6 billion, below the $4.99 billion analysts expected, yielding profit per share of $1.18, excluding losses on investment versus $1.15 expected.
Premia sales in the U.S. were “challenged” company management said, falling 6.3%, year over year, to $419 million.
Management forecast operating profit to rise to $5.29 to $5.43 per share this year, an increase of 9% to 12% on a constant currency basis. If the Japanese yen were to rise, impacting the firm’s substantial Japan business, that could come in more like $5.24 to $5.56, the company said. In either case, the estimate is above the $5.29 per share average estimate of analysts.
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