Aflac Q3 Adj $2.19 Beats $1.68 Estimate, Sales $2.95B Miss $4.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aflac reported Q3 earnings of $2.19 per share, surpassing the $1.68 estimate, marking a 19.02% increase from last year. However, sales were $2.95B, missing the $4.42B estimate and showing a 40.42% decrease from last year.
October 30, 2024 | 8:12 pm
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Aflac's Q3 earnings per share exceeded expectations, but sales significantly missed estimates, indicating potential volatility in the stock price.
Aflac's earnings per share exceeded expectations by a significant margin, which is positive for the stock. However, the substantial miss in sales figures and the year-over-year decline in sales could raise concerns about the company's revenue generation capabilities, leading to potential volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100