10/29/2009
Aflac Inc. ’s ( AFL ) operating earnings in the third quarter stood at $1.25 per share, which was a nickel ahead of the Zacks Consensus Estimate of $1.20. This also compares favorably with earnings of $1.02 in the year-ago quarter. The upside was primarily based on better-than-expected sales in its Japan operations resulting from continued strengthening of the yen against the dollar. GAAP net income for the quarter came in at $363 million, or 77 cents per share, compared to $100 million, or 21 cents in the year-ago quarter.
10/29/2009
Currencies Direct Review – Sterling 29, October 2009 Sterling is rallying this morning in the markets against most of the major currencies except the Japanese Yen. This morning mortgage approvals in the UK hit its highest level for 18 months giving sterling a good start, however net lending rose by less than expected and yet sterling still rallies- the question is why? With the Bank of England decision next week and recent reports and sentiment pointing towards an expansion of Quantitative Easing then you would think that sterling would be on the back foot.
