AFLAC Inc (AFL) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $1.88 billion, or $3.25 per share. This compares with $1.19 billion, or $1.94 per share, in last year's first quarter.
Excluding items, AFLAC Inc reported adjusted earnings of $961 million or $1.66 per share for the period.
Analysts on average had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.3% to $5.44 billion from $4.80 billion last year.
AFLAC Inc earnings at a glance (GAAP) :
-Earnings (Q1): $1.88 Bln. vs. $1.19 Bln. last year.
-EPS (Q1): $3.25 vs. $1.94 last year.
-Revenue (Q1): $5.44 Bln vs. $4.80 Bln last year.
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