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American Financial Group Q4 Profit Decreases, but beats estimates

AFLAC Inc Q4 Profit Decreases, but beats estimates

AFLAC Inc (AFL) announced a profit for fourth quarter that decreased from last year but beat the Street estimates.

The company’s earnings totaled $0.18 billion, or $0.30 per share. This compares with $1.04 billion, or $1.57 per share, in last year’s fourth quarter.

Excluding items, AFLAC Inc reported adjusted earnings of $806 million or $1.29 per share for the period.

Analysts on average had expected the company to earn $1.21 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 26.2% to $4.01 billion from $5.43 billion last year.

AFLAC Inc earnings at a glance (GAAP) :

-Earnings (Q4): $0.18 Bln. vs. $1.04 Bln. last year.
-EPS (Q4): $0.30 vs. $1.57 last year.
-Analyst Estimates: $1.21
-Revenue (Q4): $4.01 Bln vs. $5.43 Bln last year.

C.H. Robinson Worldwide Inc. Announces Fall In Q4 Profit, misses estimates

C.H. Robinson Worldwide Inc. (CHRW) revealed a profit for fourth quarter that decreased from last year and missed the Street estimates.

The company’s bottom line came in at $96.19 million, or $0.80 per share. This compares with $230.10 million, or $1.74 per share, in last year’s fourth quarter.

Analysts on average had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 22.0% to $5.07 billion from $6.50 billion last year.

C.H. Robinson Worldwide Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $96.19 Mln. vs. $230.10 Mln. last year.
-EPS (Q4): $0.80 vs. $1.74 last year.
-Analyst Estimates: $1.38
-Revenue (Q4): $5.07 Bln vs. $6.50 Bln last year.

King Charles won’t be on our next $5 note

King Charles III won’t replace his mother on Australia’s next $5 note, instead the portrait of Queen Elizabeth II will make way for a “design that honours the culture and history of the First Australians”.

The Reserve Bank of Australia announced its decision on the note design on Thursday morning, but said the new design was still some years away from being finalised and coming into circulation.

Australia’s $5 note.

It confirmed the Australian Parliament would continue to feature on other side of the note.

The RBA said it consulted with the federal government before making its decision, and had the government’s support.

“The bank will consult with First Australians in designing the $5 banknote. The new banknote will take a number of years to be designed and printed,” it said in a statement.

“In the meantime, the current $5 banknote will continue to be issued. It will be able to be used even after the new banknote is issued.

More to come

Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly Inside Politics newsletter here.

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Avnet Inc Q2 Profit Increases, beats estimates

Avnet Inc (AVT) revealed earnings for its second quarter that increased from last year and beat the Street estimates.

The company’s bottom line came in at $243.89 million, or $2.63 per share. This compares with $150.82 million, or $1.50 per share, in last year’s second quarter.

Excluding items, Avnet Inc reported adjusted earnings of $185.63 million or $2.00 per share for the period.

Analysts on average had expected the company to earn $1.85 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 14.7% to $6.72 billion from $5.86 billion last year.

Avnet Inc earnings at a glance (GAAP) :

-Earnings (Q2): $243.89 Mln. vs. $150.82 Mln. last year.
-EPS (Q2): $2.63 vs. $1.50 last year.
-Analyst Estimate: $1.85
-Revenue (Q2): $6.72 Bln vs. $5.86 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.75 – $1.85
Next quarter revenue guidance: $6.15 – $6.45 Bln

Hologic Inc Q1 Profit Decreases, but beats estimates

Hologic Inc (HOLX) revealed a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company’s bottom line totaled $187.4 million, or $0.75 per share. This compares with $499.2 million, or $1.95 per share, in last year’s first quarter.

Excluding items, Hologic Inc reported adjusted earnings of $267.9 million or $1.07 per share for the period.

Analysts on average had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 27.2% to $1.07 billion from $1.47 billion last year.

Hologic Inc earnings at a glance (GAAP) :

-Earnings (Q1): $187.4 Mln. vs. $499.2 Mln. last year.
-EPS (Q1): $0.75 vs. $1.95 last year.
-Analyst Estimates: $0.91
-Revenue (Q1): $1.07 Bln vs. $1.47 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.80 – $0.90
Next quarter revenue guidance: $930 – $980 Mln
Full year EPS guidance: $3.55 – $3.85
Full year revenue guidance: $3.85 – $4.00 Bln

American Financial Group Q4 Profit Decreases, but beats estimates

American Financial Group (AFG) announced a profit for fourth quarter that decreased from last year but beat the Street estimates.

The company’s earnings totaled $276 million, or $3.24 per share. This compares with $355 million, or $4.18 per share, in last year’s fourth quarter.

Excluding items, American Financial Group reported adjusted earnings of $255 million or $2.99 per share for the period.

Analysts on average had expected the company to earn $2.85 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 9.7% to $1.93 billion from $1.76 billion last year.

American Financial Group earnings at a glance (GAAP) :

-Earnings (Q4): $276 Mln. vs. $355 Mln. last year.
-EPS (Q4): $3.24 vs. $4.18 last year.
-Analyst Estimates: $2.85
-Revenue (Q4): $1.93 Bln vs. $1.76 Bln last year.