The WSJ Misleads on AFLAC’s Earnings

The WSJ reports:

Aflac lost 1.2% after the insurance provider reported fourth-quarter earnings that fell short of expectations, even as revenue beat, and provided a downbeat outlook for 2012 earnings.

Downbeat? AFLAC gave the exact same forecast for 2012, and they increased it for 2013. This is what AFLAC wrote yesterday:

Looking ahead, I want to reiterate that our objective for 2012 is to increase operating earnings per diluted share 2% to 5% on a currency neutral basis. This range reflects the impact of portfolio derisking and investing significant cash flows at low interest rates. We expect the rate of earnings growth in 2013 to improve over 2012.

Posted by on February 1st, 2012 at 12:44 pm


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