Revenue Update on Yandex NV(NASDAQ:YNDX)

Yandex NV(NASDAQ:YNDX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $280.70M. Analysts estimated a revenue of $17.26B. Earnings per share were $0.19. Analysts had estimated an EPS of $8.90.

In a different note, HSBC said it Initiates Coverage on Yandex NV, according to a research note issued on Jul 18, 2016. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Citigroup said it Downgrades its rating on Yandex NV. The shares have been rated ‘Neutral’ by the firm.

Yandex NV (YNDX) made into the market gainers list on Thursdays trading session with the shares advancing 1.95% or 0.41 points. Due to strong positive momentum, the stock ended at $21.46, which is also near the day’s high of $21.5. The stock began the session at $21.05 and the volume stood at 12,44,552 shares. The 52-week high of the shares is $23.2 and the 52 week low is $9.9401. The company has a current market capitalization of $6,887 M and it has 32,09,30,460 shares in outstanding.

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.

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