WASHINGTON (dpa-AFX) - 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 14.8%.
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