Kanzhun Q2 Adj $0.22 Beats $0.21 Estimate, Sales $263.75M Miss $269.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kanzhun (NASDAQ:BZ) reported Q2 earnings of $0.22 per share, beating estimates by 4.76%, but missed sales estimates with $263.75M. Earnings increased by 29.41% and sales by 28.56% compared to last year.
August 28, 2024 | 11:23 am
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Kanzhun's Q2 earnings per share of $0.22 beat expectations, but sales of $263.75M fell short. Despite the sales miss, both earnings and sales showed significant year-over-year growth.
Kanzhun's earnings beat expectations, which is positive, but the sales miss could offset this. The strong year-over-year growth in both earnings and sales suggests underlying business strength, but the mixed results may lead to a neutral short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100