LOUISVILLE, Ky. (AP) _ Yum Brands Inc. (YUM) on Thursday reported second-quarter profit of $391 million.

On a per-share basis, the Louisville, Kentucky-based company said it had net income of $1.29. Earnings, adjusted for non-recurring gains, came to $1.16 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The parent company of KFC, Taco Bell and Pizza Hut posted revenue of $1.6 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.47 billion.

Yum shares have risen 13% since the beginning of the year, while the S&P's 500 index has risen 17%. The stock has climbed 32% in the last 12 months.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News