• Company News: Yandex N.V. (YNDX) Q2 EPS miss analysts’ forecast

Market news

28 July 2017

Company News: Yandex N.V. (YNDX) Q2 EPS miss analysts’ forecast

Yandex N.V. (YNDX) reported Q2 FY 2017 earnings of RUB 12.12 per share (versus RUB 12.05 in Q2 FY 2016), missing analysts' consensus estimate of RUB 12.50.

The company's quarterly revenues amounted to RUB 22.104 bln (+22.5% y/y), generally in-line with analysts' consensus estimate of RUB 22.220 bln.

The company also issued downside guidance for FY 2017, projecting FY 2017 revenues of RUB 89.6-91.9 bln versus analysts' consensus estimate of RUB 92.83 bln.

YNDX fell to $30.35 (-1.33%) in pre-market trading.

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