Stock Track | Kanzhun Limited Plunges 5.84% in Pre-market on Weak Q1 Revenue Guidance

Stock Track03-18 20:02

Kanzhun Limited's stock experienced a significant pre-market plunge of 5.84% on Wednesday, following the release of its quarterly financial results and guidance.

The decline appears to be 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 the company 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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