Yum Brands slips ahead of quarterly earnings release

Shares of Yum Brands Inc. fell ahead of the company’s third-quarter earnings release late Tuesday. Investors are expected to closely review Yum’s results given its significant exposure to China. Goldman Sachs estimated that Yum derives about 52% of its sales from the country. Analysts surveyed by FactSet projected the fast-food chain operator to post third-quarter earnings of $1.06 a share on revenue of $3.67 billion. Yum shares edged down 0.1% to $82.94.

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