Company News: Yandex N.V. (YNDX) quarterly earnings beat analysts’ forecast

Market news

28 October 2020

Company News: Yandex N.V. (YNDX) quarterly earnings beat analysts’ forecast

Yandex N.V. (YNDX) reported Q3 FY 2020 earnings of RUB22.06 per share (versus RUB20.54 per share in Q3 FY 2019), beating analysts’ consensus estimate of RUB21.83 per share.

The company’s quarterly revenues amounted to RUB53.704 bln (+19.3% y/y), missing analysts’ consensus estimate of RUB57.895 bln.

YNDX fell to $57.50 (-3.41%) in pre-market trading.

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