Market Currents

• Tuesday, October 6, 2009

• 16:09 PM Yum! Brands (YUM): FQ3 EPS of $0.70 beats by $0.12. Revenue of $2.8B (-2%) in-line. Raises full-year EPS guidance to $2.14 from $2.10, vs. $2.13. Shares +3.2% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: YUM Comment!

• Wednesday, September 30, 2009

• 14:51 PM Restaurant parent company Yum Brands (YUM) up 3.9% after raising its quarterly dividend by 11% and authorizing a $300M share repurchase. Citigroup analysts still expect same-store sales to slip 3.5% vs. an earlier expectation of -1%. Comment!

• Monday, August 3, 2009

• 09:56 AM Burger King (BKC) -2.8% after JPMorgan downgraded shares to Neutral, saying sales weakness was likely to continue, and that McDonald's (MCD) and Yum! Brands (YUM) look like better bets given their larger non-U.S. exposure. Comment!

• Wednesday, July 15, 2009

• 09:01 AM Premarket gainers: GCI +20%. ALU +12%. AMD +8%. INTC +7%. AIB +6%. MT +6%. ING +6%. TGB +6%. AXA +5%. PMI +5%. TSM +5%. HMY +5%. MI +5%. HBC +5%. GNK +5%. HL +4%. BCS +4%. TIE +4%. AKS +4%. NOK +4%. RCL +4%. YGE +4%. VALE +4%. IGT +4%. AUY +4%. COF +4%. EXM +4%. FCX +4%. X +4%. MU +4%. ABX +4%. UBS +4%. DB +4%. Whoa!
  Losers: PAR -22%. JNS -8%. YUM -4% 1 Comment

• Tuesday, July 14, 2009

• 16:30 PM Yum! Brands (YUM): FQ2 EPS of $0.50 beats by $0.07. Revenue of $2.5B (-7%) in-line. Sees EPS growing 10% for FY10. Shares -4.8% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: ALTR, INTC, YUM Comment!

• Wednesday, April 22, 2009

• 16:13 PM Yum! Brands (YUM): Q1 EPS of $0.48 beats by $0.08. Revenue of $2.22B (-8.1%) vs. $2.33B. Sees full-year EPS of $2.10 vs. $2.08. Says Q2 likely to be its most challenging quarter. Shares +2.5% AH. (PR) Comment!
• 15:10 PM Notable earnings after Wednesday's close: AAPL, ADS, AF, AFFX, BCR, CVA, DOX, EBAY, EFX, EQIX, FFIV, FR, ISIL, KNX, LEG, LHO, LOGI, LRCX, NE, NFX, NVLS, PTV, QCOM, RHI, RJF, SLM, STLD, TMK, TQNT, VMW, XLNX, YUM Comment!
• 00:10 AM Notable earnings after Wednesday's close: AAPL, ADS, AF, AFFX, BCR, CVA, DOX, EBAY, EFX, EQIX, FFIV, FR, ISIL, KNX, LEG, LHO, LOGI, LRCX, NE, NFX, NVLS, PTV, QCOM, RHI, RJF, SLM, STLD, TMK, TQNT, VMW, XLNX, YUM Comment!

• Monday, April 20, 2009

• 17:09 PM A new twist on Twitter: Pizza Hut (YUM) is looking to hire a summer 'twintern' who can "be our social media journalist, chronicling in 140 characters or less what’s going on at Pizza Hut." 3 Comments

• Tuesday, February 3, 2009

• 17:44 PM Yum! Brands (YUM): "It is important to note that we do not need to access the credit markets in 2009 to finance our company and our strong cash flow and balance sheet provide us with the flexibility to successfully navigate through these challenging financial times." (PR) Comment!
• 17:43 PM Yum! Brands (YUM): Q4 EPS of $0.46 beats by $0.01. Revenue of $3.38B (+3.7%) in-line. Shares -1.8% AH. (PR) Comment!
• 15:10 PM Notable earnings after Tuesday's close: ACE, ADS, BRE, CTX, DIS, ERTS, FISV, ILMN, LEG, MEE, MET, NLC, PXD, RVBD, TRMB, UNM, YUM Comment!
• 00:10 AM Notable earnings after Tuesday's close: ACE, ADS, BRE, CTX, DIS, ERTS, FISV, ILMN, LEG, MEE, MET, NLC, PXD, RVBD, TRMB, UNM, YUM Comment!

• Monday, November 17, 2008

• 09:16 AM UBS likes fast food, upgrading McDonald's (MCD -1.1%) and Yum! Brands (YUM) to Buy on expectations the pair will deliver solid earnings growth, even as consumer spending slows. Comment!