Quick service restaurant operator Yum! Brands, Inc. (
) 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
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
The Bottom Line
Shares of Yum Brands (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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