Yandex N.V. (YNDX) reported earnings on Thur 28 Jul 2016 (b/o)

** charts after earnings **

 

Yandex N.V. beats by RUB 2.79, beats on revs; raises FY16 rev outlook :

• Reports Q2 (Jun) earnings of RUB 12.05 per share, excluding non-recurring items, RUB 2.79 better than the Capital IQ Consensus of RUB 9.26; revenues rose 29.6% year/year to RUB 18.04 bln vs the RUB 17.61 bln Capital IQ Consensus.  
  • Online advertising revenues grew 28% compared with Q2 2015 and continued to drive overall top-line performance, contributing 96% of total revenues in Q2 2016. Online advertising revenues include revenues derived from text-based and display advertising on Yandex websites and in our ad network.
• "Based on our strong H1 2016 results, we are raising revenue gross outlook for the calendar year 2016. We now expect our revenue to grow in the range of 19% to 22% in 2016 compared with 2015." Prios +15-19%.

** 2 weeks later **