Quick service restaurant operator Yum! Brands, Inc. (
) late Wednesday posted lower-than-expected second quarter
earnings, hurt by slowing growth in China and other emerging
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
The Bottom Line
Shares of Yum Brands (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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