Company News: Yandex N.V. (YNDX) quarterly earnings miss analysts’ expectations

Market news

25 October 2019

Company News: Yandex N.V. (YNDX) quarterly earnings miss analysts’ expectations

Yandex N.V. (YNDX) reported Q3 FY 2019 earnings of RUB20.50 per share (versus RUB18.80 in Q3 FY 2018), missing analysts’ consensus estimate of RUB23.01.

The company’s quarterly revenues amounted to RUB45.014 bln (+38.2% y/y), beating analysts’ consensus estimate of RUB44.443 bln.

YNDX rose to $33.05 (+1.07%) in pre-market trading.

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