LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Wednesday reported first-quarter net income of $314 million.
The Louisville, Kentucky-based company said it had net income of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.15 per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.6 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $1.72 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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