Russian search king Yandex (YNDX) drops 6.5% after reporting Q2 revenue and EPS of $161.7M and...


Russian search king Yandex (YNDX) drops 6.5% after reporting Q2 revenue and EPS of $161.7M and $0.12, compared with a consensus of $150.4M and $0.13. Excluding traffic acquisition costs, revenue was $138.9M. The company is guiding for 2011 ruble-based revenue growth of 55-60%, compared with a consensus for 57% dollar-based growth.

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