LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Wednesday reported first-quarter earnings of $253 million.
On a per-share basis, the Louisville, Kentucky-based company said it had net income of 90 cents. Earnings, adjusted for non-recurring costs, came to $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.79 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $1.84 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YUM at https://www.zacks.com/ap/YUM
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