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OCT 24, 2013 - Investors Business Daily

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Yandex Sales Climb On Mail.ru Deal, But Stock Falls

A partnership between Russian search leader Yandex and rival Web company Mail.ru drove higher-than-expected Q3 revenue for Yandex. But Yandex's full-year outlook remained unchanged, which analysts say could signal a soft Q4, and Yandex stock fell a fraction. Yandex (YNDX) Thursday reported third-quarter sales and EPS above Wall Street forecasts. But its operating margin only met views, says Jefferies analyst David Reynolds. "The revenue beat

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