Investing.com - ZTO Express Cayman reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ZTO Express Cayman announced earnings per share of 2.23 on revenue of 8.66B. Analysts polled by Investing.com anticipated EPS of 1.69 on revenue of 8.4B.
ZTO Express Cayman shares are up 36% from the beginning of the year and are trading at 26.53 , down-from-52-week-high.They are under-performing the S&P Merval which is up 50.85% 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 United Parcel Service on July 26, who reported EPS of 3.29 on revenue of 24.77B, compared to forecasts EPS of 3.16 on revenue of 24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of 2.93 on revenue of 6.27B, compared to forecast for EPS of 2.84 on revenue of 6.12B.
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