Yum Brands Inc. said Thursday it had net income of $418 million, or $1.18 a share, in the third quarter, down from $640 million, or 55 cents a share, in the year-earlier period. The year-earlier number includes $422 million of income from discontinued operations, after the company spun off its Yum China business in October of 2016. Revenue fell to $1.436 billion from $1.518 billion. The FactSet consensus was for EPS of 67 cents and revenue of $1.387 billion. “We are maintaining our full-year 2017 guidance and remain on-track with our multi-year transformation strategy,” Chief Executive Greg Creed said in a statement. Sales at KFC rose 7%, while sales at Taco Bell rose 6% and Pizza Hut sales were up 3%. Shares were not yet active premarket, but have gained 17% in 2017, while the S&P 500 has gained 15%.
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