Company News: Yandex N.V. (YNDX) Posts Q4 Results

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16 February 2016

Company News: Yandex N.V. (YNDX) Posts Q4 Results

Yandex reported Q4 FY 2015 earnings of RUB 11.24 per share versus RUB 23.44 in Q4 FY 2014 and analysts' consensus of RUB 11.97.

The company's quarterly revenues amounted to RUB 18.094 bln (+23.4% y/y) versus consensus estimate of RUB 17.331 bln.

Yandex also announced the company's ruble-based revenue is expected to grow in the range of 12% to 18% in the full year 2016 compared to 2015.

YNDX rose to $13.07 (+0.93%) in pre-market trading.

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the weak ZEW economic sentiment data from Germany and the Eurozone

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