Why Yum! Brands Stock Was Sliding Today
Shares of fast-food purveyor Yum! Brands (NYSE: YUM) were giving investors indigestion today as its third-quarter earnings report missed the mark. Results on the bottom line were below expectations, and the company was forced to write down the value of its recent investment in Grubhub, whose stock has plummeted.
As of 11:28 a.m. EDT, the stock was down 9.2%.
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Source Fool.com