Investing.com - ZTO Express Cayman reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ZTO Express Cayman announced earnings per share of 1.53 on revenue of 6.64B. Analysts polled by Investing.com anticipated EPS of 1.59 on revenue of 6.26B.
ZTO Express Cayman shares are down 7% from the beginning of the year and are trading at 29.88 , down-from-52-week-high.They are under-performing the Nasdaq which is up 32% from the start of the year.
ZTO Express Cayman follows other major Transportation sector earnings this month
ZTO Express Cayman's report follows an earnings beat by United Parcel Service on Wednesday, October 28, 2020, who reported EPS of 2.28 on revenue of 21.19B, compared to forecasts EPS of 1.9 on revenue of 20.21B.
Union Pacific had missed expectations on Thursday, October 22, 2020 with third quarter EPS of 2.01 on revenue of 4.92B, compared to forecast for EPS of 2.06 on revenue of 4.93B.
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