Yum Brands quarterly profit ahead of expectations

Yum Brands on Wednesday released a quarterly profit higher than badysts' expectations.

The company's shares rose by less than 1% in pre-market trading.

Here's what the company reported about what Wall Street was waiting for, according to an badyst poll by Refinitiv:

• Earnings per share: 82 cents adjusted against 81 cents expected
• Turnover: $ 1.25 billion, in line with expectations
• Same-store sales: up 4% from an expected increase of 2.66%

Taco Bell's parent company reported first-quarter net income of $ 262 million, or 83 cents a share, compared with $ 433 million or $ 1.27 a share a year earlier.

Excluding items, Yum gained 82 cents per share, exceeding the 81 cents expected by badysts surveyed by Refinitiv.

Net sales down 9% to $ 1.25 billion, which is in line with expectations.