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FEB 19, 2013 - Investors Business Daily

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Yandex Eyes Mobile Users, But Sales Growth To Slow

Russia online search leader Yandex gave a mixed Q4 earnings report early Tuesday and said sales growth will slow this year, sending shares down 10.1%. Earlier in the day, the stock was down as much as 13.6%. Per-share profit was 29 cents, in line with estimates, according to Thomson Reuters. But net income of $89.4 million slightly missed the $92.8 million analysts expected, according to Thomson Reuters. Yandex (YNDX) says it's investing in new

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