Earnings

Yum Brands (YUM) earnings Q3 2019

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A customer rides his bike in front of a Taco Bell restaurant in Novato, California.

Justin Sullivan | Getty Images

Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations.

Shares of the company dropped 6% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 80 cents, adjusted, vs. 94 cents expected
  • Revenue: $1.339 billion vs. $1.344 billion expected

The company reported fiscal third-quarter net income of $255 million, or 81 cents per share, down from $454 million, or $1.40 per share, a year earlier.¬†Yum said that…



Source cnbc.com

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