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Yum China Sinks 5% On Earnings Miss

Shares of Yum China Holdings (YUMC) slipped more than 5% after the close Wednesday following a fiscal second-quarter earnings report that was slightly below the consensus forecast.

Yum reported a 39% rise in net income to $107 million for the three months ended May 31, resulting in basic earnings per share of 28 cents, and diluted earnings of 27 cents per share. Analysts were...