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Aflac Q3 Non-GAAP EPS Beats Estimates as Revenue Falls 31% Year Over Year

Revenue totaled $3.27 billion, missing estimates by $940 million. The company also posted a 23.7% adjusted annualized return on equity excluding foreign currency remeasurement.

A brass balance beam tilts between a dark block and gold sphere / TokenPost.ai
A brass balance beam tilts between a dark block and gold sphere / TokenPost.ai

Aflac Incorporated (AFL) posted third-quarter non-GAAP earnings per share of $2.43, beating estimates by $0.63, while revenue fell 31% year over year to $3.27 billion.

Revenue missed estimates by $940 million. Aflac's annualized shareholder-equity return was 4.1%. A second annualized measure, adjusted to exclude foreign currency remeasurement, came in at 23.7%.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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