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36Kr Holdings Inc ADR Up 2.61% To $1.18 After Earnings

Wednesday, August 24, 2022 12:00 PM | InvestorsObserver Analysts

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36Kr Holdings Inc ADR Up 2.61% To $1.18 After Earnings

36Kr Holdings Inc ADR (KRKR) said before open Wednesday that it earned $0.04 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $12.2 million, missing estimates by $5.2 million.

In the same quarter a year ago, the company lost $0.129 per share on revenue of $11.2 million.

The stock is up 2.61% to $1.18 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 57.

36KR Holdings Inc is a holding company and conducts its business mainly through its subsidiaries, a VIE and subsidiaries of the VIE. The Group is primarily engaging in providing content and business services to new economy participants in the PRC. Its content production process includes content creation, content editing, screening and monitoring, and content distribution. The Group mainly generates revenues from providing online advertising services, enterprise value-added services and subscription services.

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