Stock Track | Kaspi.KZ Soars 5.85% in Pre-Market on Strong Q1 Earnings Beat

Stock Track

05/11

Kaspi.KZ's stock surged 5.85% in pre-market trading on Monday.

The sharp rise follows the company's release of its first-quarter financial results, which exceeded analyst expectations for both net income and revenue.

Kaspi.kz reported Q1 net income of 252 billion Kazakhstani tenge, beating the FactSet consensus estimate of 237.67 billion tenge. Revenue for the quarter came in at 1.1 trillion tenge, also surpassing the estimated 1.032 trillion tenge and showing significant growth from the prior year.

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