Yum Brands shares up 2.2% premarket after earnings top estimates

📆 1/8/2019 10:35 pm
📰 MarketWatch

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Yum Brands shares up 2% early after earnings at Taco Bell parent top estimates

An earlier version of this report had an incorrect number for overall same-store sales growth. It has been corrected.

Yum Brands Inc. shares YUM, -0.64% rose 2.2% in premarket trade Thursday, after the operator of Taco Bell, Pizza Hut and KFC Restaurants topped earnings estimates for the second quarter. The company said it had net income of $289 million, or 92 cents a share, in the quarter, down from $321 million, or 97 cents a share, in the year-earlier period. Adjusted per-share earnings came to 93 cents, ahead of the 87 cents FactSet consensus. Revenue edged down to $1.310 billion from $1.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares of Taco Bell-owner Yum Brands jump as earnings top estimatesTaco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all its brands. Lots of my money is in that pile. Damn nacho fries are addicting.
Source: CNBC - 🏆 12. / 72 Read more »