11:15 AM EDT, 08/28/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Kanzhun ( BZ ) shares fell 20% in recent Wednesday trading after the company provided Q3 revenue guidance that trailed market expectations.

The company reported Q2 adjusted earnings Wednesday of 1.57 Chinese renminbi ($0.22) per diluted American depositary share, up from 1.26 renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.42 renminbi.

Revenue for the quarter ended June 30 was 1.92 billion renminbi, up from 1.49 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.92 billion renminbi.

For Q3, the company said it expects revenue of 1.90 billion renminbi to 1.92 billion renminbi. Analysts polled by Capital IQ expect 1.94 billion renminbi.

Price: 11.08, Change: -2.86, Percent Change: -20.52