AFLAC Inc Q2 Profit Decreases, But Beats Estimates

(RTTNews) - AFLAC Inc (AFL) released earnings for second quarter that Decreased from last year but beat the Street estimates.

The company's earnings came in at $599 million, or $1.11 per share. This compares with $1.755 billion, or $3.10 per share, last year.

Excluding items, AFLAC Inc reported adjusted earnings of $934 million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.71 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 19.0% to $4.160 billion from $5.138 billion last year.

AFLAC Inc earnings at a glance (GAAP) :

-Earnings: $599 Mln. vs. $1.755 Bln. last year. -EPS: $1.11 vs. $3.10 last year. -Revenue: $4.160 Bln vs. $5.138 Bln last year.