AFLAC and CNH Trading Actively After Earnings

AFLAC Incorporated (NYSE:AFL) reported its results for the fourth quarter. Net income for the accident and health insurance company rose to $546 million ($1.17 per share) vs. $437 million (92 cents per share) in the same quarter a year earlier. This marks a rise of 24.9% from the year earlier quarter. Revenue rose 12.9% to $5.98 billion from the year earlier quarter. AFL reported adjusted net income of $1.48 per share. By that measure, the company fell short of mean estimate of $1.51 per share. Analysts were expecting revenue of $6.06 billion.

Chairman and Chief Executive Officer Daniel P. Amos stated: “Aflac had another strong year. Growth of operating earnings per diluted share was in line with our goal of an 8% increase before the impact of foreign currency. That result was also consistent with guidance we provided when we released third quarter results. We had conveyed in the third quarter that following nine months of restrained expenditures, we planned to increase spending on IT and marketing initiatives in the fourth quarter to strengthen our business, and that’s exactly what we did. I am pleased that 2011 marked the 22nd consecutive year in which we achieved our earnings objective.”

Competitors to Watch: Unum Group (NYSE:UNM), Principal Financial Group, Inc. (NYSE:PFG), Triple-S Management Corp. (NYSE:GTS), American Independence Corp. (NASDAQ:AMIC), CIGNA Corporation (NYSE:CI), WellPoint, Inc. (NYSE:WLP), Universal American Corp. (NYSE:UAM), Humana Inc. (NYSE:HUM) and HealthMarkets, Inc. (NYSE:UCI).

CNH Global N.V. (NYSE:CNH) in the fourth quarter as profit dropped from a year earlier. Net income for CNH Global N.V. fell to $193 million (80 cents per share) vs. $209 million (87 cents per share) a year earlier. This is a decline of 7.7% from the year earlier quarter. Revenue rose 26.8% to $4.77 billion from the year earlier quarter. CNH beat the mean analyst estimate of 72 cents per share. It beat the average revenue estimate of $4.41 billion.

Competitors to Watch: AGCO Corporation (NYSE:AGCO), Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW), Deere & Company (NYSE:DE), Caterpillar Inc. (NYSE:CAT), Lindsay Corporation (NYSE:LNN), Alamo Group, Inc. (NYSE:ALG), Kubota Corporation (NYSE:KUB), Manitowoc Company, Inc. (NYSE:MTW), and Columbus McKinnon Corp. (NASDAQ:CMCO).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com