Yum Brands (YUM) reported third quarter earnings growth of 8% after the close Monday, but per-share results were lower than expected.
The stock tumbled more than 3% after the close to $85.85, on top of a nearly 2% decline Wednesday.
The parent of KFC, Pizza Hut and Taco Bell reported earnings per share of $1.09 excluding special items, a penny short of the consensus expectation, according to FactSet. The company confirmed the China business will trade separately as Yum China Holdings (YUMC) Nov. 1 on the New York Stock Exchange.
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