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 1.12 on revenue of 7.9B. Analysts polled by Investing.com anticipated EPS of 1.38 on revenue of 7.91B.
ZTO Express Cayman shares are down 10.7% from the beginning of the year, still down 27.63% from its 52 week high of 34.82 set on November 18, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
ZTO Express Cayman follows other major Industrials sector earnings this month
ZTO Express Cayman's report follows an earnings beat by Honeywell on April 29, who reported EPS of 1.91 on revenue of 8.38B, compared to forecasts EPS of 1.86 on revenue of 8.29B.
Caterpillar had beat expectations on April 28 with first quarter EPS of 2.88 on revenue of 13.59B, compared to forecast for EPS of 2.6 on revenue of 13.25B.
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