Yum gains from rebounding performance in China

6:55 PM, Oct 9, 2012   |    comments
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Yum Brands Inc. on Tuesday also raised its earnings guidance. Shares are up nearly 4 percent in after-market trading.

Profit came to $471 million, or $1 per share, in the three months ended Sept. 8, from $383 million, or 80 cents per share, a year ago. Revenue rose 9 percent to $3.6 billion.

Analysts polled by FactSet expected earnings of 97 cents per share on revenue of $3.66 billion.

Operating profit in China increased 22 percent, adjusted for currency fluctuations. Profit in Yum's fast-growing China business dropped in the second quarter on higher costs. In the U.S., operating profit rose 13 percent.

(Copyright 2012 The Associated Press. All rights reserved.)