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Update: Kanzhun Shares Rise After Q2 Results

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(Updates with latest stock price in the headline and first paragraph, adds dividend in the seventh paragraph.)

Kanzhun (BZ) shares were up about 5% in Tuesday trading following its Q2 results.

Earlier, the company reported a Q2 adjusted earnings of 2.23 renminbi ($0.33) per diluted American depositary share, compared with 2.09 renminbi a year earlier.

Analysts polled by FactSet expected 2.12 renminbi.

Revenue for the quarter ended June 30 was 2.40 billion renminbi, compared with 2.10 billion renminbi a year earlier.

Analysts expected 2.41 billion renminbi.

The company expects Q3 revenue of 2.41 billion renminbi to 2.50 billion renminbi. Analysts expected 2.46 billion renminbi.

The firm also declared an annual dividend of $0.51 per ADS, payable Oct. 14 to holders of record Sept. 28.

Price: $16.21, Change: $+0.76, Percent Change: +4.95%

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