Positive earnings lifted
amid Monday's thinly traded after-hours session.
The Louisville, Ky., company, which operates KFC, Pizza Hut and Taco Bell, among others, reported a profit of $270 million, or 50 cents a share, compared with 42 cents a share last year. Analysts polled by Thomson Financial were looking for 45 cents a share, excluding extraordinary items. Sales totaled a better-than-expected $2.56 billion.
Yum! shares climbed $1.26, or 3.5%, to $37.55 in recent extended trading.
was another late winner, after announcing that chairman and CEO Gary Forsee is
resigning, effective immediately. CFO Paul Saleh will replace him in the interim, and board member James Hance Jr. was appointed acting non-executive chairman. Shares of the Reston, Va.-based wireless-communications giant rose 2.7% to $19.
Standard & Poor's
index as of the market's close Tuesday. Iowa's
( TRA), which makes nitrogen and methanol products for agricultural and industrial markets, was added to the S&P MidCap 400.
Seattle-based Expeditors tacked on 3.2% at $51.50. Terra shares gained 4.9% to $30.89 in heavy trading.
slid, however, after the chipmaker pegged non-GAAP, fiscal second-quarter income at about 38 cents a share. That beats the Street's 36-cent consensus, though it's a penny below prior guidance. Sales should be between $258 million and $259 million to trail the prior outlook, as well as analysts' estimates. Shares of the Chandler, Ariz. company sank $1.70, or 4.6%, to $34.92.