Yum! Brands Q1 Profit Rises 10%, Beating View (YUM)

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Quick service restaurant operator Yum! Brands, Inc. ( YUM ) late Wednesday said its first quarter profit jumped more than 10% from last year, helped by higher sales and better margins.

The Louisville, KY-based company reported first quarter net income of $241 million, or 50 cents per share, compared with $218 million, or 46 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 59 cents per share.

Revenue rose 6% from last year, to $2.35 billion.

On average, Wall Street analysts expected a smaller profit of 53 cents per share, on lower revenue of $2.28 billion.

Yum! Brands shares rose 82 cents, or +2%, in premarket trading Thursday.

The Bottom Line
The company has a 2.02% dividend yield, based on last night's closing stock price of $41.68. The stock has technical support in the $36-$38 price area. If the shares can firm up, we see overhead resistance around the all-time high levels of $42 a share. We would remain on the sidelines for now.

Yum! Brands, Inc. ( YUM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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