Yandex (YNDX) Posts Q4 EPS of $0.06

Yandex (NASDAQ: YNDX) reported Q4 EPS of $0.06, which may not compare to the analyst estimate of $0.19. Revenue for the quarter came in at $364.7 million versus the consensus estimate of $363.75 million.

"Yandex delivered 27% revenue growth in 2016, driven by improving macro conditions and continued innovation across the technology stack," said Arkady Volozh, Chief Executive Officer of Yandex. "Our deep experience with AI and machine learning is enabling us to make significant advancements in advertising technologies and continually enhance user experience."

"We were pleased with the strong growth in Q4, especially given tough comparisons with last year," said Alexander Shulgin, Chief Operating Officer of Yandex. "Yandex.Taxi was a real highlight, growing ride volumes in December 2016 by 452% year-over-year thanks to investments made in geographic expansion and technological infrastructure. Based on the potential we see in Taxi, E-commerce and Classifieds, we will continue to invest for growth in 2017."

For earnings history and earnings-related data on Yandex (YNDX) click here.

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