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AFLAC Inc Reaffirms FY 2013 EPS Guidance; Issues Q2 2013 EPS Guidance Below Analysts' Estimates

Wednesday, 24 Apr 2013 04:13pm EDT 

AFLAC Inc announced that reflecting the underlying strength of the business, it still expects to have another good year. The Company reiterated objective for fiscal 2013 has not changed and expects to increase operating earnings per diluted share 4% to 7%, or approximately $6.86 to $7.06 per share, on a currency neutral basis. Assuming it achieve earnings objective and the yen averages 95 to 100 to the dollar for fiscal 2013, expects to report operating earnings of $5.99 to $6.37 per diluted share for the full year. For the second quarter of 2013, using the same currency assumptions, the Company expect operating earnings will be in the range of $1.41 to $1.56 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $6.26 for fiscal 2013; EPS of $1.57 for the second quarter of 2013. 

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