LOUISVILLE, Ky. (AP) 鈥� LOUISVILLE, Ky. (AP) 鈥� Yum Brands Inc. (YUM) on Wednesday reported first-quarter earnings of $432 million.
The Louisville, Kentucky-based company said it had profit of $1.55 per share. Earnings, adjusted for non-recurring gains, were $1.50 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $2.06 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $2.01 billion.
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