Company News: Yandex N.V.(YNDX) Q2 results beat analysts’ expectations

Market news

28 July 2016

Company News: Yandex N.V.(YNDX) Q2 results beat analysts’ expectations

Yandex N.V.reported Q2 FY 2016 earnings of RUB 12.05 per share (versus RUB 8.63 in Q2 FY 2015), beating analysts' consensus estimate of RUB 9.26.

The company's quarterly revenues amounted to RUB 18.040 bln (+29.6% y/y), beating analysts' consensus estimate of RUB 17.611 bln.

YNDX rose to $22.38 (+3.09%) in pre-market trading.

Major stock indices in Europe declined

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