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Yum beats Street 2Q forecasts

FILE - This Jan. 31, 2014, file photo, shows a Taco Bell facade behind a KFC drive-thru sign in Saugus, Mass. Yum Brands, Inc., which operates Taco Bell, KFC and Pizza Hut, reports earnings, Thursday, Aug. 3, 2017. (AP Photo/Elise Amendola, File) FILE - This Jan. 31, 2014, file photo, shows a Taco Bell facade behind a KFC drive-thru sign in Saugus, Mass. Yum Brands, Inc., which operates Taco Bell, KFC and Pizza Hut, reports earnings, Thursday, Aug. 3, 2017. (AP Photo/Elise Amendola, File)

By Associated Press August 3, 2017 1 min read

LOUISVILLE, Ky. (AP) – Yum Brands is reporting quarter earnings of $206 million.

On a per-share basis, the Louisville, Kentucky-based company said it had net income of 58 cents. Earnings, adjusted for non-recurring costs, were 68 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.45 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.41 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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Keywords: Yum Brands, Earnings Report, Priority Earnings