Kanzhun Limited's stock plummeted 5.88% during intraday trading on Wednesday, following the release of its quarterly financial results and forward-looking guidance.
The decline was primarily driven by the company's first-quarter revenue guidance falling short of analyst expectations. Kanzhun expects Q1 total revenue in the range of 2.05 billion to 2.09 billion Renminbi, which is below the FactSet consensus estimate of 2.18 billion Renminbi.
Additionally, the company reported mixed fourth-quarter results, with adjusted earnings of 1.90 Renminbi per ADS slightly missing the FactSet estimate of 1.91 Renminbi. While Kanzhun beat on adjusted EPS with $0.27 versus the $0.25 estimate, it missed on sales with $297.225 million compared to the $298.940 million estimate.
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