Yum Brands (YUM) said late Wednesday that its China business is "recovering as expected" and still sees China same-store sales turning positive in the fourth quarter, as the fast food restaurant giant topped second-quarter earnings estimates. The operator of Taco Bell, KFC and Pizza Hut restaurants said earnings fell 16% vs. a year earlier to 56 cents per share. Analysts polled by Thompson Reuters expected 54 cents in the quarter ended June 15. Revenue fell 8.5% to $2.9 billion, just below analyst estimates of $2.93 billion. It was the second straight quarter of declining profit and sales. But investors were somewhat encouraged. Yum shares edged higher in after-hours trading on the stock market today, essentially erasing a 0.9% drop to 72.36 during the regular session. The stock is trading near its best levels since the end of November, when China woes hit.