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 The NASDAQ OMX Group, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: YUM

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