Chinese App Owner Kanzhun's ADRs Tumble After Profit Miss

By MarketWatch | Aug 28, 2024 at 12:43 PM EST

Kanzhun's American depositary receipts plummeted by 21% to $11 following disappointing quarterly earnings. The company reported a profit increase to 417.3 million Chinese yuan, missing analysts' expectations. Adjusted earnings of 11 cents per share were also below forecasts.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.