LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Thursday reported fourth-quarter earnings of $423 million.
On a per-share basis, the Louisville, Kentucky-based company said it had profit of $1.49. Earnings, adjusted for non-recurring costs, came to $1.61 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $2.36 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $2.32 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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