The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo MOSCOW, July 28 (Reuters) – Russian internet giant Yandex (YNDX.O) on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year… Source link

July 28, 2021Updated: July 28, 2021 6:34 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $53.6 million in its second quarter. The Schiphol, Netherlands-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The Russian search engine posted revenue of $1.12 billion in the period. Yandex shares have decreased 2% since the beginning of… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $53.6 million in its second quarter. The Schiphol, Netherlands-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The Russian search engine posted revenue of $1.12 billion in the period. Yandex shares have decreased 2% since the beginning of the year. The stock has climbed 18% in the… Source link

MOSCOW (Reuters) – Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into surging demand for online services during the pandemic, said gross merchandise volumes for its e-commerce businesses jumped 155% to 35.1 billion roubles… Source link

July 28, 2021Updated: July 28, 2021 5:34 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $53.6 million in its second quarter. The Schiphol, Netherlands-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The Russian search engine posted revenue of $1.12 billion in the period. Yandex shares have decreased 2% since the beginning of… Source link

July 28, 2021Updated: July 28, 2021 3:34 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $53.6 million in its second quarter. The Schiphol, Netherlands-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The Russian search engine posted revenue of $1.12 billion in the period. Yandex shares have decreased 2% since the beginning of… Source link

[unable to retrieve full-text content]Yandex: Q2 Earnings Snapshot  CT Post Source link

By Alexander Marrow MOSCOW (Reuters) -Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast. Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion), Yandex said, up from 315-330 billion roubles previously. Second-quarter revenue jumped 70% year-on-year to 81.4 billion… Source link

(Bloomberg) — Rio Tinto Group, the world’s biggest iron ore miner, reported its highest-ever interim profit and will pay $9.1 billion in dividends as the company and its global rivals cash in on this year’s commodities rally. Rio is the first of the majors to post earnings, kicking off a reporting season that’s expected to see record results across the board. The industry has been one of the biggest beneficiaries from the world’s efforts to emerge from the pandemic. The trillions of… Source link

(Bloomberg) — A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. The virtual coin rose as much as 6.1% to top $40,000 and was trading at about $39,700 as of 8:15 a.m. in London on Wednesday. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index. “The current momentum is strong” and $45,000 is in sight but a conclusive break above $50,000… Source link