Yandex Earnings: Here’s Why Investors Like These Results
Yandex NV (NASDAQ:YNDX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 12.35%.
Yandex NV Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 95.23% to $0.21 in the quarter versus EPS of $4.40 in the year-earlier quarter.
Revenue: Rose 28.43% to $257.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Yandex NV reported adjusted EPS income of $0.21 per share. By that measure, the company missed the mean analyst estimate of $5.95. It missed the average revenue estimate of $7.82 billion.
Quoting Management: “Yandex is off to an excellent start in 2013 with strong financial results and important product improvements,” said Arkady Volozh, Chief Executive Officer of Yandex. “During the quarter, we unveiled our newly redesigned homepage, updated our Yandex.Navigator and Yandex.Market mobile apps, and released a number of innovations aimed at enhancing our advertiser solutions.”
Key Stats (on next page)…