Company News: Yandex N.V. (YNDX) posts unexpected quarterly loss

Market news

28 July 2020

Company News: Yandex N.V. (YNDX) posts unexpected quarterly loss

Yandex N.V. (YNDX) reported Q2 FY 2020 loss of RUB9.90 per share (versus earnings of RUB21.65 per share in Q2 FY 2019), worse than analysts’ consensus estimate of RUB4.31 per share.

The company’s quarterly revenues amounted to RUB41.407 bln (0.0% y/y), beating analysts’ consensus estimate of RUB40.960 bln.

YNDX fell to $56.09 (-3.11%) in pre-market trading.

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