May 3 Yum Brands Inc reported a
better-than-expected quarterly profit, boosted by strong demand
at its Taco Bell restaurants.
The company's income from continuing operations rose to $280
million, or 77 cents per share, in the first quarter ended March
31, from $226 million, or 54 cents per share.
Excluding items, the company earned 65 cents per share,
beating the average analyst estimate of 60 cents per share,
according to Thomson Reuters I/B/E/S.
Total revenue fell 1.8 percent to $1.42 billion.
(Reporting by Sruthi Ramakrishnan in Bengaluru and Lisa
Baertlein in Los Angeles; Editing by Supriya Kurane and