Company News: Yandex N.V. (YNDX) Q1 financials beat analysts’ expectations

Market news

28 April 2016

Company News: Yandex N.V. (YNDX) Q1 financials beat analysts’ expectations

Yandex reported Q1 FY 2016 earnings of RUB 9.81 per share (versus RUB 6.99 in Q1 FY 2015), beating analysts' consensus of RUB 6.31.

The company's quarterly revenues amounted to RUB 16.473 bln (+33.5% y/y), beating consensus estimate of RUB 15.272 bln.

Yandex also announced the company expects its ruble-based revenue will grow in the range of 15% to 19% in 2016 compared with 2015.

YNDX rose to $19.40 (+4.70%) in pre-market trading.

European stock markets mid session: stocks traded lower as market participants eyed the Fed's and the BoJ’s interest rate decisions

Nationwide: UK house prices rise 0.2% in April

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