Yum! Brands (YUM) Stock Climbs in After-Hours Trading on Q2 Earnings Beat
NEW YORK (TheStreet) -- Shares of Yum! Brands (YUM) - Get Report are rising 3.63% to $88.85 in after-hours trading on Wednesday after the company reported better-than-expected earnings for the 2016 second quarter.
After today's market close, the owner of KFC, Pizza Hut and Taco Bell posted earnings of 75 cents per share, topping analysts' estimates by a penny.
Revenue for the period was $3.01 billion, lower than Wall Street's projections of $3.09 billion.
Same-store sales were flat for the company's China and Pizza Hut divisions, while KFC sales rose 2% and Taco Bell sales declined 1%.
Additionally, Yum said its China division is "off to a good start" in the third quarter for both KFC and Pizza Hut.
The company said it opened 373 new restaurants worldwide during the period.
About 5.48 million of the company's shares were traded today vs. its average 30-day volume of 3.02 million shares per day.
Separately, TheStreet Ratings has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and expanding profit margins.
But the team also finds weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: YUM