Yum! Brands Q1 Profit Surges, Beating View (YUM)

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Quick service restaurant operator Yum! Brands, Inc. ( YUM ) late Wednesday posted first quarter earnings results that exceeded Wall Street expectations.

The Louisville, KY-based company reported first quarter net income of $458 million, or 96 cents per share, compared with just $264 million, or 56 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 76 cents per share.

Revenue jumped 14% from last year to $2.74 billion.

On average, Wall Street analysts expected a smaller profit of 73 cents per share, on lower revenue of $2.70 billion.

Yum! Brands shares fell 75 cents, or -1%, in after-hours trading Wednesday.

The Bottom Line
Shares of Yum Brands ( YUM ) have a 1.56% dividend yield, based on today's closing stock price of $72.94. The stock has technical support in the $65-$68 price area. The shares are trading at all-time highs.

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 The NASDAQ OMX Group, Inc.

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