Kuaishou Technology Expected to Post Fourth-Quarter Net Profit -- Earnings Preview

Dow Jones03-19

By Kosaku Narioka

Kuaishou Technology is scheduled to report fourth-quarter results on Wednesday. Here is what you need to know:

NET PROFIT FORECAST: Kuaishou Technology is expected to post a net profit of 2.14 billion yuan ($297.3 million) for the final quarter of 2023, according to a poll of analysts by FactSet. That compares with a net loss of CNY1.55 billion a year earlier.

REVENUE FORECAST: Fourth-quarter revenue is estimated to have increased 15% from a year earlier to CNY32.57 billion, according to the FactSet poll.

The stock has declined 0.2% so far this year to close at HK$52.85 on Monday, following a 16% drop in the October-December quarter.

WHAT TO WATCH:

--The number of average daily active users on the Kuaishou app increased 6.4% from a year earlier to a new record high of 386.6 million in the third quarter. Investors are paying attention to the pace of user growth.

--The company's total e-commerce gross merchandise value in the third quarter climbed 30% from a year earlier to CNY290.24 billion, driven in part by an increase in the number of active merchants and the number of active e-commerce paying users. Investors are focusing on the growth of e-commerce.

--Third-quarter operating loss from its overseas business narrowed to CNY635 million from CNY1.69 billion a year earlier due to a sharp rise in revenue and controlled spending on marketing. Investors are closely watching any further improvement in its overseas business.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

March 18, 2024 21:51 ET (01:51 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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That compares with a net loss of CNY1.55 billion a year earlier. \n</p>\n<pre>\n \n</pre>\n<p>\n  REVENUE FORECAST: Fourth-quarter revenue is estimated to have increased 15% from a year earlier to CNY32.57 billion, according to the FactSet poll. \n</p>\n<pre>\n \n</pre>\n<p>\n  The stock has declined 0.2% so far this year to close at HK$52.85 on Monday, following a 16% drop in the October-December quarter. \n</p>\n<pre>\n \n</pre>\n<p>\n  WHAT TO WATCH: \n</p>\n<p>\n  --The number of average daily active users on the Kuaishou app increased 6.4% from a year earlier to a new record high of 386.6 million in the third quarter. Investors are paying attention to the pace of user growth. \n</p>\n<p>\n  --The company's total e-commerce gross merchandise value in the third quarter climbed 30% from a year earlier to CNY290.24 billion, driven in part by an increase in the number of active merchants and the number of active e-commerce paying users. 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Here is what you need to know: \n\n\n \n\n\n  NET PROFIT FORECAST: Kuaishou Technology is expected ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POST","symbol_name":"Post Holdings","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2420257739","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420257739","pubTimestamp":1710813060,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Kuaishou Technology is scheduled to report fourth-quarter results on Wednesday. Here is what you need to know:. 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