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Yandex Loses Market Share in Spite of Strong Growth

TheMotleyFool

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Yandex Loses Market Share in Spite of Strong Growth

Yandex N.V. (NASDAQ: YNDX) announced reasonably strong second-quarter 2017 results on Friday morning, detailing broad-based growth across all of its various business segments and an intriguing partnership with Uber. But with shares down 4% on the day in response, that growth wasn't enough to appease the market.

Shares of the Russian internet search leader are still up more than 46% so far in 2017 as of this writing. Let's take a closer look at what Yandex accomplished over the past few months, as well as what investors can expect going forward.

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Source: Fool.com