Investing.com - ZTO Express (NYSE:ZTO) 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, still down 23.33% from its 52 week high of 38.97 set on July 6. They are under-performing the Nasdaq which is up 31.98% 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 October 28, 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 October 22 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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