Company News: Yandex N.V. (YNDX) quarterly earning miss analysts’ estimate

Market news

24 October 2017

Company News: Yandex N.V. (YNDX) quarterly earning miss analysts’ estimate

Yandex N.V. (YNDX) reported Q3 FY 2017 earnings of RUB7.16 per share (versus RUB11.64 in Q3 FY 2016), missing analysts' consensus estimate of RUB9.21.

The company's quarterly revenues amounted to RUB23.438 bln (+21.5% y/y), in-line with analysts' consensus estimate.

The company also issued upside guidance for FY2017, projecting revenues of +22%-23% y/y to $92.63-93.38 bln versus analysts' consensus estimate of $93.08 bln.

YNDX rose to $31.40 (+2.05%) in pre-market trading.

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