Yum China Posts Positive Q2 Surprises, Describes “Uneven” Recovery
Yum China (NYSE: YUMC) fell more than 5% in after-hours trading on Wednesday evening and continues to trade lower today despite beating analyst estimates of both revenues and earnings per share (EPS), according to Zack's Equity Research.
Zack's research pegged the consensus estimate of Yum China's EPS at $0.23, which the company handily beat with actual EPS of $0.35, $0.12 above expectations, giving a positive surprise of 52%. Quarterly revenues topped estimates by a very narrow 1.04%, coming in at $1.9 billion.
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Source Fool.com
