Yum: Q3 Earnings Snapshot
LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Tuesday reported third-quarter earnings of $382 million.
The Louisville, Kentucky-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.83 billion in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $1.89 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YUM at https://www.zacks.com/ap/YUM