Yum! Brands, Inc. (YUM) Jumps On Big Earnings Beat

Yum! Brands, Inc. (NYSE:YUM) revealed its earnings for the first three months of 2013 this afternoon after the market closed. The company revealed that it earned 70 cents per share in the period on revenue of $2.53 billion. In the after hours market shares were up more than 5 percent, having closed at $64.14 earlier on Tuesday, down a little over 1 percent.

Analysts were expecting Yum! Brands, Inc. (NYSE:YUM) to announce earnings of 60 cents per share on revenue of $2.56 billion. The strong beat on earnings, coupled with the in line revenue restored investor confidence in the company after what had been a tough...