On Wednesday, Shares of Yum! Brands, Inc. (NYSE:YUM), subtract -1.84% and closed at $88.62 in the last trading session. The last trading range of the stock ranges between $88.31 and $90.71. The company’s Market capitalization is $34.31 Billion with the total Outstanding Shares of 389.89 million. Yum! Brands, Inc. (YUM) recently stated results for the third quarter ended September 3, 2016, counting GAAP EPS of $1.56 and EPS apart from Special Items of $1.09.
System sales growth figures exclude foreign currency translation (“F/X”) and core operating profit growth figures exclude F/X and Special Items. Special Items are not allocated to any segment and therefore only impact worldwide GAAP results. See reconciliation of non-GAAP measurements to GAAP results within this release for further details.
- KFC Division same-store sales raised 4%, with U.S. same-store sales growing 6%; system sales raised 7%.
- Taco Bell Division same-store sales raised 3% and system sales raised 5%, while achieving a 21.7% restaurant margin.
- Worldwide core operating profit grew 11%, with the brand divisions apart from China delivering 11% core operating profit growth in aggregate, ahead of expectations.
- China core operating profit grew 14%.
- Opened 475 new restaurants worldwide; 78% of international development occurred in emerging markets.
- On track to finalize China separation with Yum China Holdings, Inc. expected to begin trading on November 1, 2016 on the NYSE under the ticker symbol “YUMC.”
- Foreign currency translation negatively influenced operating profit by $34 million.
Cemex SAB de CV (ADR)(NYSE:CX), jumped 2.53% and closed at $8.10 in the last trading session. The last trading range of the stock ranges between $7.93 and $8.15. The company’s Market capitalization is $11.33 Billion with the avg.volume of 11.90 million. Mexico’s Cemex said on Wednesday that it had designated a new chairman and chief executive for its Latam partner, after some former executives were fired amid investigations into improper payments regardinga land deal in Colombia.
Juan Pablo San Agustin was named chairman of the board of Cemex Latam Holdings, while Jaime Muguiro was named its new chief executive, Cemex said in a filing.
It also named Ricardo Naya as the director of Cemex Colombia.
Cemex said in September it had dismissed two senior executives and accepted the resignation of another after it found improper payments linked to a new cement plant in northern Colombia.SOURCE REUTER
Level 3 Communications, Inc. (NYSE:LVLT), remained flat and closed at $45.62 in the last trading session. The last trading range of the stock ranges between $45.40 and $46.07. During the 52-week trading session the minimum price at which share price traded, registered at $41.73 and reached to max level of $57.59. By recent estimates, more than 218 million people are eligible to vote in the Nov. 8 presidential election. What is on the mind of voters? Ahead of the first presidential debate, Level 3 Communications (LVLT) brought together leaders from academia, government, media and cybersecurity sectors for a Twitter Chat around online voting. The chat covered the pros and cons of online voting, how to secure the process and how the U.S. could implement online voting with the technology we have recently.
It is clear from the Twitter Chat and other negotiations on the topic that the U.S. still has a long way to go; however, it is important to note we would not be having these conversations if it were not for the advancements in technology and telecommunications over the years. To increase understanding of the critical role technology and telecommunications play in our election process, Level 3 has released a video series featuring experts from varying backgrounds who explore the history of the technology and how it has shaped democracy.
The video series focuses on advancements in telecommunications since the early 1900s, counting the first transatlantic phone line, TV cable line and the introduction of fiber optics – all of which played a noteworthyrole in how people engaged in political discourse and made voting decisions.