Yum! Brands Q3 Profit Declines - Quick Facts

(RTTNews) - Yum! Brands, Inc. (YUM) Tuesday reported third-quarter net income attributable to the company of $152 million, or $0.33 per share, compared to $471 million, or $1.00 per share in the comparable quarter last year.

Adjusted earnings for the quarter declined to $0.85 per share from $0.99 per share in the prior year quarter. On average, twenty four analysts polled by Thomson Reuters expected the company to earn $0.93 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the latest quarter were $3.47 billion, down 3 percent from $3.57 billion last year, while 22 analysts had a consensus revenue estimate of $3.53 billion for the quarter.

Looking ahead to the fiscal year 2013, the company said given the lower-than-expected China sales and a higher-than-expected full-year tax rate, it now estimates a high-single to low-double-digit full-year earnings decline versus prior year, excluding Special Items. Previously, the anticipated a profit decline in mid-single-digit. Analysts expect full-year earnings of $3.06 per share.