07:03 AM EDT, 03/12/2024 (MT Newswires) -- Kanzhun ( BZ ) reported Q4 adjusted net income Tuesday of 1.39 renminbi ($0.20) per diluted American depositary share, up from 0.13 renminbi a year earlier.

Analysts polled by Capital IQ expected 1.18 renminbi.

Revenue for the quarter ended Dec. 31 was 1.58 billion renminbi, up from 1.08 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.54 billion renminbi.

The Chinese online recruitment services company said it expects Q1 revenue of between 1.64 billion and 1.67 billion renminbi. Analysts polled by Capital IQ expect 1.63 billion renminbi.

Kanzhun ( BZ ) also said its board approved a plan to buy back up to $200 million of its shares over 12 months from March 20.

Shares of the company were up more than 6% in recent Tuesday premarket activity.

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