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Russia’s Yandex stock jumps after Q4 earnings

Yahoo Finance Live's Julie Hyman discusses fourth quarter earnings for Yandex.

Video Transcript

JULIE HYMAN: Before we go to break, just want to check on one stock that we are watching this morning, and that is Yandex. Why are we checking on this stock? Well, it's sort of like the Russian Google, if you will. It has a search engine, it has other things on its website. And it came out with earnings this morning. And it trades in the US. YNDX is the ticker.

It's up almost 10%, as you can see. Their adjusted EBITDA at the company 9.72 billion rubles. That's about $128 million or so. It's better than estimated. Revenue came in better than estimated. And the adjusted net income for the company came in better than estimated as well. So that one caught my eye.

It was one of the most traded stocks in the premarket, and, of course, as I said, it is a Russian company, and there's a lot of focus on Russia this morning.