KANZHUN Says It Repurchased Ordinary Shares Continuously Over Past Week, Total Of $44M Of Shares Bought Back Under Current Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
KANZHUN, the parent company of BOSS Zhipin, has repurchased $44 million worth of shares under its current repurchase program. The company has shown strong financial performance with a 33% increase in revenue and a 117% increase in adjusted net income for Q1 2024 compared to Q1 2023.
July 26, 2024 | 10:28 am
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KANZHUN, trading under the symbol BZ, has repurchased $44 million worth of shares, indicating strong confidence in its future growth. The company also reported a 33% increase in revenue and a 117% increase in adjusted net income for Q1 2024 compared to Q1 2023.
The share repurchase program indicates that the company believes its stock is undervalued, which is generally a positive signal for investors. Additionally, the strong financial performance with significant increases in revenue and net income further supports a positive outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100