Yum! Brands Q2 Profit Misses, but Revenue Beats (YUM)


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Quick service restaurant operator Yum! Brands, Inc. ( YUM ) late Wednesday posted lower-than-expected second quarter earnings, hurt by slowing growth in China and other emerging markets.

The Louisville, KY-based company reported second quarter net income of $331 million, or 69 cents per share, compared with $316 million, or 65 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 67 cents per share.

Revenue rose 12% from last year to $3.17 billion.

On average, Wall Street analysts expected a higher profit of 70 cents per share, albeit on lower revenue of $3.11 billion.

Yum! Brands shares fell $1.39, or -2.1%, in aftermarket trading Wednesday.

The Bottom Line
Shares of Yum Brands ( YUM ) have a 1.74% dividend yield, based on today's closing stock price of $65.55. The stock has technical support in the $60-$62 price area. If the shares can firm up, we see overhead resistance around the $67-$70 price levels.

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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