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 the pandemic-driven surge for online services, said gross merchandise volumes (GMV) for its e-commerce businesses jumped 155% to 35.1 billion roubles year on… Source link
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Read More »UPDATE 2-Russia’s Yandex ups 2021 e-commerce investment plan after strong Q2
(Releads on e-commerce investment) By Alexander Marrow MOSCOW, July 28 (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… Source link
Read More »Russia’s internet giant Yandex upgrades outlook after strong Q2
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
Read More »Yandex: Q2 Earnings Snapshot
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
Read More »Yandex: Q2 Earnings Snapshot
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
Read More »Russia’s Yandex says Q2 adj. net income up 34% y/y, upgrades revenue outlook | The Mighty 790 KFGO
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
Read More »Yandex: Q2 Earnings Snapshot
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
Read More »Yandex: Q2 Earnings Snapshot
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
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