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 following the report.
Aflac follows other major Financial sector earnings this month
Aflac's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, 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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