LOUISVILLE, Ky. (AP) _ Yum Brands Inc. (YUM) on Wednesday reported first-quarter net income of $399 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of $1.36. Earnings, adjusted for non-recurring gains, came to $1.05 per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.55 billion in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $1.6 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YUM at https://www.zacks.com/ap/YUM

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