Yum reports 10 percent growth in 2Q earnings (AP)

LOUISVILLE, Ky. ? The company that owns Pizza Hut, Taco Bell and KFC says its second-quarter net income rose 10 percent as growth overseas offset declines in its U.S. business.

Yum Brands Inc. said Wednesday that Taco Bell's revenue fell 5 percent at U.S. restaurants open at least a year. The chain is struggling to overcome publicity from a dropped lawsuit that claimed the filling in its tacos and burritos didn't contain enough beef to be called that. Taco Bell called the accusations false.

Louisville-based Yum earned $316 million, or 65 cents per share, for the period, up from $286 million, or 59 cents per share, a year earlier. Its revenue rose 9 percent to $2.8 billion.

Analysts expected adjusted earnings of 61 cents per share and revenue of $2.7 billion.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20110713/ap_on_bi_ge/us_earns_yum_brands

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