What to Watch Wednesday: Yum! Brands Earnings, Fed’s Beige Book
The second quarter earnings parade continues on Wednesday, July 13, with Yum! Brands after the close.
The second quarter earnings parade continues on Wednesday, July 13. After the markets close, CSX Corporation (CSX) - Get Report and Yum! Brands (YUM) - Get Report release earnings. Analysts expect Yum! Brands, the parent company of Taco Bell and Pizza Hut, to report second quarter earnings of $0.74 a share on sales of $3.07 billion. During the same quarter last year, the restaurant chain posted profit of $0.69 a share with revenue of $3.1 billion. On the economic calendar, import and export prices for June are released at 8:30am Eastern. The EIA Petroleum Status report is unveiled at 10:30am for the week of July 8, and the Fed's Beige Book at 2pm. TheStreet's Scott Gamm reports from Wall Street.
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