Investing.com - Yum! Brands (NYSE:YUM) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Yum! Brands announced earnings per share of $1.16 on revenue of $1.60B. Analysts polled by Investing.com anticipated EPS of $0.9571 on revenue of $1.48B.
Yum! Brands shares are up 19% from the beginning of the year, still down 2.42% from its 52 week high of $125.65 set on July 27. They are under-performing the AEX which is up 21% from the start of the year.
Yum! Brands shares gained 4.36% in pre-market trade following the report.
Yum! Brands follows other major Consumer Discretionary sector earnings this month
Yum! Brands's report follows an earnings beat by Tesla on Monday, who reported EPS of $1.45 on revenue of $11.96B, compared to forecasts EPS of $0.9364 on revenue of $11.53B.
Louis Vuitton ADR had beat expectations on Monday with second quarter EPS of $1.74 on revenue of $17.39B, compared to forecast for EPS of $1.45 on revenue of $16.61B.
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