01:04 PM EDT, 08/06/2024 (MT Newswires) -- (Updates with stock move in the headline and the first paragraph.)

Yum China ( YUMC ) shares jumped nearly 12% in recent Tuesday trading after the company reported higher results for Q2.

The company reported Q2 adjusted diluted earnings Monday of $0.55 per share, up from $0.47 a year earlier.

Two analysts surveyed by Capital IQ expected $0.46.

Revenue in the quarter ended June 30 rose to $2.68 billion from $2.65 billion a year earlier.

Analysts polled by Capital IQ expected $2.76 billion.

The company also said Andy Yeung plans to resign as chief financial officer for personal reasons, effective Sept. 30.

Yeung will remain as an adviser to the chief executive officer from Oct. 1 to Feb. 28, the company said.

Chief Investment Officer Adrian Ding will serve as acting CFO, starting Oct. 1.

Price: 33.32, Change: +3.52, Percent Change: +11.80