Yum! Brands Inc. (NYSE:YUM) released a disappointing earnings report yesterday afternoon that caused a massive drop in value in after market trading. The major problem with the report appears to be the firm’s flagging numbers in the Chinese market. About half of Yum! sales come from the Asian giant, and growth there is expected to justify its large valuation. Yum! Brands Inc. (NYSE:YUM) revealed that it earned 33 cents per share, including a 55 cent per share write down for Little Sheep, a Chinese food company. Analysts were expecting the company to show earnings of 93 cents per share in…
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