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

Market news

29 October 2018

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

Yandex N.V. (YNDX) reported Q3 FY 2018 earnings of RUB18.80 per share (versus RUB7.16 in Q3 FY 2017), beating analysts' consensus estimate of RUB17.66.

The company's quarterly revenues amounted to RUB32.570 bln (+39.0% y/y), beating analysts' consensus estimate of RUB30.884 bln.

YNDX rose to $28.97 (+6.31%) in pre-market trading.

U.S.: PCE price index ex food, energy, m/m, September 0.2% (forecast 0.1%)

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