Shares of Yandex N.V. (NASDAQ: YNDX) jumped 10.2% Thursday after the Russian internet search leader announced strong first-quarter 2017 results.
Quarterly revenue climbed 25% year over year, to $366.3 million, and adjusted net income increased 18%, to $66.5 million, or roughly $0.21 per share. Analysts, on average, were looking for lower adjusted earnings of $0.16 per share on revenue of $350.6 million.
IMAGE SOURCE: YANDEX.