Yum! Brands (YUM) has been up 4.5% in premarket trading. There were fears the company might be crippled by problems with its KFC brand in China. Bird flu has hurt business which was already down on reports the chain chicken suppliers are using unapproved levels of antibiotics. In fact, the company easily beat earnings estimates, posting 70-cents a share excluding items, when expectations were for 60-cents. Revenues did however fall a little short. If this morning's gains hold, Yum will be trading right near the middle of its 52-week range.
Next up is AT&T (T) which also reported after yesterday's closing bell and is now down 4%. The telecom giant met expectations on earnings, posting 64-cents a share, but it missed on revenue saying it took in $31.36 billion. The company says it signed-up more wireless subscribers than expected because of strong tablet sales. But if you read between the lines it appears the number of phone customers is down. AT&T closed at its 52-week high yesterday.
Whirlpool (WHR) came out with earnings first thing this morning, and has a familiar tale to tell: This company also beat on earnings but fell short on revenue, posting profits of $1.97 on sales of $17.69 billion. The good news here for shareholders: adjusted earnings are up 40%, largely due to improvements in the housing market. Whirlpool was up more than 3% yesterday ahead of the report and is now trading at its 52-week high.
Finally, there's Angie's List (ANGI) which is testing its all time high here in premarket trading as it prepares to report earnings later today. The online review service announced earlier this week that it has just surpassed more than 2-million paying subscribers. The company was founded in 1995, but went public at the end of 2011. It has yet to turn a profit since going public with analysts expecting losses of 17-cents a share. A year ago those losses were 24-cents a share. The stock has been on fire since the start of this year.
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