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LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Yum Brands Inc. (YUM) on Wednesday reported third-quarter earnings of $416 million.
The Louisville, Kentucky-based company said it had profit of $1.46 per share. Earnings, adjusted for pretax gains, were $1.44 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.71 billion in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $1.77 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