Yum Brands shares rise after earnings top Street view
Yum Brands Inc. shares gained in the extended session Wednesday after the fast-food chain operator topped Wall Street earnings estimates for the second quarter. Yum shares rose 4.6% to $89.46 after hours. The company reported adjusted earnings of 75 cents a share on revenue of $3.01 billion. Analysts surveyed by FactSet had forecast earnings of 74 cents a share on revenue of $3.09 billion. Due to strong first-half results from China, Yum CEO Greg Creed raised his full-year core operating profit growth forecast to at least 14% from a previous 12%.
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