Yum China: Q3 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Yum China Holdings Inc. (YUMC) on Tuesday reported third-quarter earnings of $244 million.
On a per-share basis, the Shanghai-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs, were 59 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The restaurant operator in China posted revenue of $2.91 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.02 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YUMC at https://www.zacks.com/ap/YUMC