Yum-than-expected quarter profit fell still
Sina Beijing Financial News at 4 o'clock on the July 14, fast-food giant: Yum (Yum Brands) (YUM) said second-quarter profit fell slightly year over year, while total sales and profit margins are the growth. In the last quarter, Yum's profit totaled 286 million U.S. dollars, 59 cents a share, down from a year earlier profit of 303 million U.S. dollars, 63 cents a share level.
Excluding special accounting items, Yum's profit of 58 cents per share, more than 50 cents a year earlier. Revenue for the quarter totaled 2.57 billion U.S. dollars, higher than the 2.48 billion a year ago. According to FactSet Research survey, market analysts on average expected earnings of 55 cents Yum revenue of about 2.56 billion U.S. dollars.
as Pizza Hut, KFC parent company Yum Looking ahead, said it expects full year earnings per share will be between 2.39 to 2.43 U.S. dollars. The current average analyst forecast for the 2.47 U.S. dollars.
Tuesday U.S. stock trading, Yum in the New York Stock Exchange-listed shares rose 84 cents to close at 41.71 U.S. dollars, or 2.06%. After the earnings announcement, at 4:24 pm EST (GMT Wed 4:24), the stock in after-hours trading up 1.08 dollars to 42.79 U.S. dollars, or 2.59%.
