Yandex NV (YNDX) Releases Earnings Results, Beats Expectations By $2.79 EPS

Yandex NV (YNDX) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $12.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $2.79. Analysts had a consensus of $9.26. The company posted revenue of $18040.00 million in the period, compared to analysts expectations of $17610.52 million. The company’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.63 EPS.

Many Wall Street Analysts have commented on Yandex NV. Yandex NV was Initiated by HSBC Securities to “Buy” on Jul 18, 2016. Yandex NV was Downgraded by Citigroup to ” Neutral” on May 6, 2016.

Yandex NV opened for trading at $22.44 and hit $23.17 on the upside on Thursday, eventually ending the session at $22.33, with a gain of 2.86% or 0.62 points. The heightened volatility saw the trading volume jump to 43,24,725 shares. Company has a market cap of $7,251 M.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey Ukraine Belarus and Kazakhstan. The Company’s Russian businesses are organized in five operating segments: Russian Search and Portal which includes all services offered in Russia Belarus and Kazakhstan; Russian E-commerce which includes the Yandex.Market service; Media Services which includes Yandex.Music Yandex.TV program and Yandex.Kinoafisha; Taxi which includes the Yandex.Taxi service and Classified Aggregators which include Yandex.Auto Yandex.Realty and Yandex.Job. Additionally its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search personalized and location-based services including Yandex.News Yandex.Market Yandex.Mail Yandex.Maps and Yandex.Auto.

Yandex NV

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