Investing.com - ZTO Express Cayman reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ZTO Express Cayman announced earnings per share of 1.85 on revenue of 6.4B. Analysts polled by Investing.com anticipated EPS of 1.87 on revenue of 6.41B.
ZTO Express Cayman shares are up 58.42% from the beginning of the year and are trading at 36.99 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% 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 Thursday, July 30, 2020, who reported EPS of 2.13 on revenue of 20.55B, compared to forecasts EPS of 1.07 on revenue of 17.5B.
Union Pacific had beat expectations on Thursday, July 23, 2020 with second quarter EPS of 1.67 on revenue of 4.24B, compared to forecast for EPS of 1.56 on revenue of 4.39B.
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