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Actionable news in YUM: YUM! BRANDS Inc,

Yum earnings beat expectations, revenue misses

Yum Brands reported an 11 percent increase in adjusted earnings that topped analyst expectations, but its revenue came in just under Wall Street estimates.

The company said it had earnings of 68 cents per share (excluding special items) on $3.95 billion in revenue. Analysts had expected Yum to report earnings of about 66 cents per share on $4.02 billion in revenue, according to a consensus estimate from Thomson Reuters.

Shares in the company fell about 1 percent in after-hours trading.

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The restaurant giant said its worldwide system sales grew 6 percent in the fourth quarter, and its worldwide restaurant margin increased 3.4 percentage points to 13.6 percent.

Adjusted earnings of 68 cents represented an 11 percent increase from 61 cents during the year-ago period, and...