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Yum falls on chicken woes

The operator of Taco Bell, KFC and Pizza Hut restaurants said Q4 EPS rose 11% to 83 cents, beating views by a penny. Sales rose 1% to $4.1 bil, in line with views. KFC same-store sales in China fell 6% after food safety investigators in Shanghai found elevated levels of antibiotics in some chicken samples. Yum Brands (YUM) lowered its outlook on its China woes and now expects to see a midsingle-digit decline in '13 EPS. Shares fell 3%.