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OCT 24, 2013 - Investors Business Daily

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Yandex Q3 Beats, But In-Line Margin Sends Stock Lower

Russian search leader Yandex (YNDX) early Thursday released Q3 earnings and sales that topped Wall Street forecasts, but its operating profit margin just met views and Yandex stock fell. Moscow-based Yandex said revenue jumped 40% from the year-earlier quarter to $315.9 million, which it calculated from 10.2 million Russian rubles using the exchange rate on the final day of the quarter, Sept. 30. Wall Street expected $308.4 million, according to

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