Qiwi Beats Q4 EPS, Sales Views, But Stock Falls

By | March 12, 2014

Scalper1 News

Shares of Russian online payments provider Qiwi (QIWI) were down 3.5% in midday trading in the stock market today, though the company posted Q4 earnings and revenue that beat forecasts, as did its 2014 guidance. The stock of the Moscow-based company dubbed “Russia’s PayPal” has been volatile in the wake of the Ukraine crisis and worries over increased regulation of cross-border payments by Russia’s government. Qiwi stock is down more than 30% Scalper1 News

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