NEW YORK (AP) — Insurance company Aflac Inc. stock soared at mid-afternoon trading Wednesday after the company reported that its profit more than doubled on a surprise increase in sales in Japan.
THE SPARK: The company said late Tuesday that rising sales of insurance policies in Japan helped more than double its first-quarter income to $785 million from $389 million a year earlier. Its per-share income of $1.68 trumped analysts' average forecast for $1.65 a share.
[See also: Aflac's profit doubles]
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