Yandex News

[unable to retrieve full-text content]Yandex.Classifieds FY 2020: Revenue up 7%  AIM Group Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported fourth-quarter 2020 adjusted earnings of 23 cents per share, whereas the Zacks Consensus Estimate was pegged at a loss of 4 cents per share. However, the figure declined 14.8% sequentially and8% year over year. Revenues of $969.2 million (RUB 71.6 billion) lagged the Zacks Consensus Estimate of $1.02billion. In ruble terms, the figure rose 39% on a year-over-year basisand 22.8% from the previous quarter. The… Source link

Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said, Reuters reports. Yandex’s core advertising business took a hit during the early stages of the COVID-19 pandemic, but surging interest in online transactions allowed other segments of its business to flourish, including food delivery and… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Shares of Yandex (NASDAQ:YNDX) moved higher by 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 11.54% over the past year to $0.23, which beat the estimate of $0.15. Revenue of $969,200,000 rose by 16.06% year over year, which beat the estimate of $921,180,000. Outlook Yandex hasn’t issued any earnings guidance for the time being. The upcoming fiscal year’s revenue expected to be between $4,129,000,000 and… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Feb. 16, 2021Updated: Feb. 16, 2021 5:42 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Tuesday reported fourth-quarter net income of $11 million, after reporting a loss in the same period a year earlier. The Schiphol, Netherlands-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 23 cents per share. The Russian search engine posted revenue of $969.2 million… Source link

Feb. 16, 2021Updated: Feb. 16, 2021 3:42 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Tuesday reported fourth-quarter net income of $11 million, after reporting a loss in the same period a year earlier. The Schiphol, Netherlands-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 23 cents per share. The Russian search engine posted revenue of $969.2 million… Source link

By Alexander Marrow, Nadezhda Tsydenova MOSCOW (Reuters) – Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said. FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov Yandex’s core advertising business took a hit during the… Source link

By Alexander Marrow, Nadezhda Tsydenova MOSCOW (Reuters) – Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said. FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov Yandex’s core advertising business took a hit during the… Source link