Company News: Yandex (YNDX) Q3 results beat analyst estimates

Market news

27 October 2015

Company News: Yandex (YNDX) Q3 results beat analyst estimates

Yandex reported Q3 earnings of RUB 10.80 per share (versus RUB 0.31 in Q3 FY 2014), beating analysts' consensus of RUB 10.08.

The company's revenues amounted to RUB 15.439 bln (+18.2% y/y), beating consensus estimate of $14.991 bln.

Yandex increased its previously announced revenue guidance to +14-16% y/y in ruble terms from +11-13% y/y.

YNDX rose to $14.37 (+2.28%) in pre-market trading.

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