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Yandex Q2 EPS Declines, Revenue Beats Estimates

7:19AM ET 7/26/2019 MT Newswires
Yandex N.V (YNDX), a Russian internet technology company, on Friday reported Q2 earnings of RUB11.03 per share ($0.17) compared with RUB99.0 per share in the same quarter of 2018.

Revenue for the quarter rose to RUB41.4 billion from RUB29.7 billion in the year-ago quarter, beating the consensus revenue of RUB40.5 billion.

The company reiterated its Search and Portal ruble-based revenue growth outlook of 19% to 21% in the full year 2019 compared with 2018.

It also added that it currently expects its ruble-based revenues excluding Yandex.Market to grow in the range of 32% to 36% for the full year 2019 compared with 2018.

Shares of the company were up more than 4% in Friday premarket trading.

Price: 39.83, Change: +1.42, Percent Change: +3.70