Investing.com – Yum! Brands (NYSE:) reported on Thursday second quarter 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 and are trading at $127.96 , down-from-52-week-high.They are under-performing the AEX which is up 21% year to date.
Yum! Brands shares gained 4.36% in pre-market trade 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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Read More: Yum! Brands earnings, Revenue beat in Q2