Update: Kanzhun Shares Rise After Q2 Results
(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%
