YUM! Brands Q3 Results Miss Estimates

(RTTNews) - YUM! Brands, Inc. (YUM) reported net income for the third quarter of $404 million or $0.89 per share, compared to $152 million or $0.33 per share for the year-ago quarter.

Excluding items, adjusted earnings for the third quarter were $0.87 per share, compared to $0.85 per share in the prior year quarter.

Total revenue for the third quarter fell 3% to $3.35 billion from $3.47 billion in the same quarter last year.

Analyst polled by Thomson Reuters expected the company to earn $0.89 per share on revenue of $3.48 billion for the third quarter. Analysts' estimates typically exclude special items.

The company said it now estimates 2014 earnings per share growth to be between 6% and 10%, excluding special items. Previously, the company expected full-year EPS growth of at least 20%. Analysts currently expect the company to report EPS growth of 4.90%.