SAN FRANCISCO (MarketWatch) � Yum Brands Inc., Baidu Inc. and Gilead Sciences Inc. were among the active movers in the after-hours trading session on Monday, following the companies� fourth-quarter financial results.
Shares of Yum Brands YUM �fell 6% in after-hours trading, following a close at $63.94 in the regular session.
Click to Play Dell nears deal to go privateDell Inc. on Monday was close to finishing a $23 billion deal to take itself private at between $13.50 and $13.75 a share, said people familiar with the matter. WSJ's Ben Worthen reports on Digits. Photo: Dell.
The Louisville, Ky.-based restaurant company reported late Monday fourth-quarter earnings per share of 83 cents, excluding special items, compared with a FactSet estimate of 82 cents per share.
Looking ahead, the company said that �given current uncertainties related to KFC sales in China, it is difficult to confidently forecast overall financial performance,� but it assumes that KFC China same-store sales will improve as the year progresses and be positive in the fourth quarter.
Given those assumptions, it forecast �a mid-single digit earnings per share decline in 2013� compared with a year earlier, excluding items.
U.S. shares of Baidu BIDU �fell 3.8% after closing at $107.20.
The Chinese internet-search provider saw fourth-quarter earnings per share of $1.31, excluding share-based compensation. Analysts surveyed by FactSet forecast a profit of $1.30.
Shares of Gilead Sciences GILD �tacked on 0.8% in the after-hours trading session, following a close at $39.59.
The biopharmaceutical company�s adjusted earnings and revenue beat expectations, driven mostly by strong sales of its HIV drugs. It reported a fourth-quarter profit of 50 cents a share, excluding charges, on revenue of $2.59 billion. Analysts polled by Thomson Reuters expected earnings of 48 cents per share and revenue of $2.43 billion. See: Gilead profit rises on growth in HIV drug sales.
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