Investing.com - ZTO Express (NYSE:ZTO) Cayman reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ZTO Express Cayman announced earnings per share of 1.56 on revenue of 7.33B. Analysts polled by Investing.com anticipated EPS of 1.49 on revenue of 7.62B.
ZTO Express Cayman shares are down 48.71% from the beginning of the year, still down 32.26% from its 52 week high of 38.96 set on February 16. They are under-performing the Nasdaq which is up 12.71% 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 July 27, who reported EPS of 3.06 on revenue of 23.42B, compared to forecasts EPS of 2.81 on revenue of 23.19B.
Union Pacific had beat expectations on July 22 with second quarter EPS of 2.72 on revenue of 5.5B, compared to forecast for EPS of 2.55 on revenue of 5.36B.
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