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(Adds quotes from call, analyst comment) By Alexander Marrow and Gleb Stolyarov MOSCOW, Feb 15 (Reuters) – Russian internet giant Yandex on Tuesday reported a sharp drop in adjusted annual net profit, but said total revenue could surge this year to around $6.5 billion, driven in part by high turnover growth in e-commerce. Yandex’s core advertising business, which accounted for 47% of total revenue in the fourth quarter of 2021, suffered during the early stages of the COVID-19 pandemic, but… Source link

Yandex Announces Fourth Quarter and Full-Year 2021 Financial Results MOSCOW and AMSTERDAM, the Netherlands, February 15, 2022 — Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2021. Q4 and FY 2021… Source link

Yandex NV (YNDX) has gained Tuesday morning, with the stock increasing 8.70% in pre-market trading to 49.11. YNDX’s short-term technical score of 24 indicates that the stock has traded less bullishly over the last month than 76% of stocks on the market. In the Internet Content & Information industry, which ranks 140 out of 146 industries, YNDX ranks higher than 56% of stocks. Yandex NV has fallen 13.68% over the past month, closing at… Source link

Fund managers are at least thinking a “recession scare” could emerge in the market this year, reflecting one to two months of heightened geopolitical risks, elevated inflation and rising interest rates. “Upcoming recession scare best played via long bonds-short commodities,” said the latest Bank of America fund manager survey. The report reflects responses from 171 participants managing $391 billion in client money. On the positive side, fund managers don’t expect a technical recession this… Source link

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / February 15, 2022 / Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2021. Q4 and FY 2021 Financial and Operational… Source link

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / February 15, 2022 / Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2021. Q4 and FY 2021 Financial and Operational Highlights1,2 In RUB millions Three months endedDecember 31, Twelve months endedDecember… Source link

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Russia’s Yandex eyes $6.5 billion annual revenue in 2022 after FY profit slip | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County … Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, February 15, 2022 The inflation-rate hike apocalypse has been canceled — for now Just days ago, reactive markets were convulsed by fears of spiraling prices, and the prospect of a Federal Reserve making up for lost time with aggressive rate hikes to cool things down. But one day is practically a lifetime in financial markets. This week,… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Tuesday reported a loss of $59.6 million in its fourth quarter. The Schiphol, Netherlands-based company said it had a loss of 16 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share. The Russian search engine posted revenue of $1.49 billion in the period. For the year, the company reported a loss of $197.4 million, or 54 cents per share. Revenue was… Source link