Why Kanzhun Ltd Stock Popped Today

Shares of Kanzhun (BZ 18.80%) soared 18.8% on Tuesday after the Chinese online recruitment platform announced stronger-than-expected quarterly results and a new share repurchase program.On Kanzhun's blue-collar successKanzhun's fourth-quarter 2023 revenue grew 46% year over year to 1,58 billion yuan (or $222.6 million U.S. dollars), translating to non-GAAP (adjusted) net income of 628.6 million yuan (USD $88.5 million USD), or 1.39 yuan (USD $0.20) per American depositary share (ADS). Most analysts, on aver ...