Yandex Earnings: Here’s Why Investors Like These Results

Yandex NV (NASDAQ:YNDX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 12.35%.

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Yandex NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 95.23% to $0.21 in the quarter versus EPS of $4.40 in the year-earlier quarter.

Revenue: Rose 28.43% to $257.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Yandex NV reported adjusted EPS income of $0.21 per share. By that measure, the company missed the mean analyst estimate of $5.95. It missed the average revenue estimate of $7.82 billion.

Quoting Management: “Yandex is off to an excellent start in 2013 with strong financial results and important product improvements,” said Arkady Volozh, Chief Executive Officer of Yandex. “During the quarter, we unveiled our newly redesigned homepage, updated our Yandex.Navigator and Yandex.Market mobile apps, and released a number of innovations aimed at enhancing our advertiser solutions.”

Key Stats (on next page)…

Revenue decreased 15.39% from $304.09 million in the previous quarter. EPS decreased 97.62% from $8.82 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $7.84 to a profit $7.87. For the current year, the average estimate has moved down from a profit of $33.77 to a profit of $33.38 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]