Yum Brands Shares Soar For Second Day on China-Fueled Earnings Surprise

From Staff Reports

Yum Brands Inc. (YUM), the former PepsiCo (PEP) spin-off and current operator of the Pizza Hut, KFC and Taco Bell chains, saw its shares soar $1.82 each, or 5.02%, to close at $38.11 yesterday (Tuesday), after reporting better-than-expected earnings on Monday. Yum Brands attributed much of the growth to higher-than-forecasted revenue and profits from China. [For our full research report on Yum Brands, please click here. It’s free of charge.]

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