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April 5, 2017, 4:45 p.m. EDT

Yum China shares jump on strong quarterly earnings

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By Sue Chang

Shares of Yum China Holdings Inc. /zigman2/quotes/208495167/composite YUMC +3.16% rallied in Wednesday's extended session after the fast-food chain company posted better-than-expected quarterly results. The operator of KFC and Pizza Hut in China reported its first-quarter earnings rose to $175 million, or 44 cents a share, from $145 million, or 40 cents a share, a year earlier. Revenue, however, slipped to $1.28 billion from $1.3 billion while same-stores sales grew 1%. Yum China had spun off from Yum Brands /zigman2/quotes/209029767/composite YUM +2.08% late last year. Analysts surveyed by FactSet had forecast earnings of 38 cents on revenue of $1.27 billion. Yum China shares jumped 11% while Yum rose 1.5% after hours.

/zigman2/quotes/208495167/composite
US : U.S.: NYSE
$ 55.12
+1.69 +3.16%
Volume: 5.80M
Nov. 30, 2022 4:00p
P/E Ratio
27.41
Dividend Yield
0.87%
Market Cap
$22.36 billion
Rev. per Employee
$21,716
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/zigman2/quotes/209029767/composite
US : U.S.: NYSE
$ 128.66
+2.62 +2.08%
Volume: 2.54M
Nov. 30, 2022 4:05p
P/E Ratio
33.80
Dividend Yield
1.77%
Market Cap
$35.50 billion
Rev. per Employee
$186,472
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