YUMMY: Third-quarter profit at Yum Brands Inc. rose 23 percent, thanks to rebounding profit growth in China and strong demand in the U.S. at its Taco Bell, Pizza Hut and KFC chains. CHINESE FOOD: Third-quarter operating profit rose 22 percent in China. Yum expects to open at least 750 new restaurants in China this year, up from its prior forecast of 700 new stores.
Among the earnings stories for Tuesday, Oct. 9, from AP Business News:. _ Aluminum manufacturer Alcoa Inc. said that it lost $143 million in the third quarter due to hefty one-time charges but the results topped Wall Street estimates.
LOUISVILLE, Ky.-- For the owner of the Taco Bell, Pizza Hut and KFC chains, it was a profitable combo _ higher demand in the U.S. and a quick turnaround in its fast-growing China division. Operating profit in China rose 22 percent, when adjusted for currency fluctuations.
Check out which companies are making headlines after the bell Tuesday.
Stocks closed near session lows Tuesday, with most key S&P sectors finishing in the red, amid fears over slowing global growth and ahead of what many expect will be a weak earnings season.
NEW YORK, Oct 9- Yum Brands Inc:.
LONDON, Oct 9- UK shares fell for a second session on Tuesday, dented by a wary view of Europe's debt troubles and concerns that gloomy global economic data bodes ill for the upcoming corporate earnings season.
Indexes fell on Wall Street as investors reacted to another weak forecast on the global economy and ahead of the traditional start of earnings season: results from Alcoa, the aluminum maker and economic bellwether, which come out after the closing bell.
U.S stock index futures struggled for direction Tuesday as investors remained on edge over worries about slowing global growth and ahead of the third-quarter earnings season.
NEW YORK-- Stock futures were mixed Tuesday with a new outlook on the global economic landscape y providing markets with fewer reasons to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.
NEW YORK-- Investors are hoping to see a rebound in profit from operations in China when Yum Brands Inc. reports its fiscal third-quarter earnings after Tuesday's closing bell. The China business had strong sales growth in the quarter, but inflation reduced its profit.
**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
Get the lowdown on what earnings reports and other events the "Mad Money" host plans to monitor.
As earnings season approaches, Jim Cramer’s researcher, Nicole Urken, takes a look at some China derivative plays.
Indians are taking control of their health in response to the country’s surging rates of cardiovascular disease and diabetes, among the highest in the world, and the invasion of fast food chains.
No major European company set to report on Tuesday. COMPANIES REPORTING: Q3 AMC 2012 Alcoa Inc. Q3 2012 Yum! Brands, Inc. MAJOR MACROECONOMIC DATA/EVENTS: 0645 FR Trade balance Aug 0830 IT GDP final Q2 0830 GB Industrial output Aug 0830 GB Manufacturing output Aug Reuters Messaging: firstname.lastname@example.org.
Get the “Mad Money” host’s earnings expectations for Alcoa, Safeway, Wells Fargo and more.
Find out what the “Mad Money” host plans to watch in the days to come.
As the markets continue to focus on today's monthly non-farm payrolls numbers, a breakdown of the data show that hiring has been strong within the restaurant industry.
Alcoa Inc. reports quarterly financial results. Yum Brands Inc. reports quarterly financial results. Safeway Inc. reports quarterly financial results.