Investing.com - ZTO Express (NYSE:ZTO) Cayman reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
ZTO Express Cayman announced earnings per share of $0.14 on revenue of $987.9M. Analysts polled by Investing.com anticipated EPS of $0.8118 on revenue of $6.12B.
ZTO Express Cayman shares are up 9.02% from the beginning of the year, still down 18.42% from its 52 week high of $38.97 set on July 6, 2020. 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 April 27, who reported EPS of $2.77 on revenue of $22.69B, compared to forecasts EPS of $1.73 on revenue of $20.58B.
Union Pacific had missed expectations on April 22 with first quarter EPS of $2 on revenue of $5B, compared to forecast for EPS of $2.06 on revenue of $5.05B.
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