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.
By Scott Gamm ,

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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