Yandex Q2 Revenue Beat; Ad Sales, Search Queries Up

By | July 29, 2014

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Yandex (YNDX) stock rose Tuesday after Russia’s Internet search leader posted second-quarter sales that topped analyst expectations and affirmed its full-year guidance. Yandex said its sales rose 32% to 12.2 billion Russian rubles ($362 million) in the June quarter. Analysts polled by Thomson Reuters expected $358 million in revenue. Its adjusted net income of 3.3 billion Russian rubles ($98.7 million) rose 9% from the year-earlier quarter. “Our Scalper1 News

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