Yum Brands! ($YUM) reported third quarter earnings

Yum Brands! ($YUM) reported third quarter earnings, excluding special items, of $1 per share on revenues of $3.43 billion, up 2 percent year-over-year. The results trailed estimates. Citing a slower than expected recovery in China, the company said it expects full year same store sales in China to decline in the low-single digits. The company also said it expects full year earnings growth to be well below its target of at least 10 percent.