ZTO Express (Cayman) Inc (ZTO) reported earnings for second quarter that Decreased from the same period last year and missed the Street estimates.
The company's earnings came in at RMB1.938 billion, or RMB2.37 per share. This compares with RMB2.612 billion, or RMB3.16 per share, last year.
Excluding items, ZTO Express (Cayman) Inc reported adjusted earnings of RMB2.026 billion or RMB2.48 per share for the period.
Analysts on average had expected the company to earn RMB2.86 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.3% to RMB11.832 billion from RMB10.726 billion last year.
ZTO Express (Cayman) Inc earnings at a glance (GAAP) :
-Earnings: RMB1.938 Bln. vs. RMB2.612 Bln. last year.-EPS: RMB2.37 vs. RMB3.16 last year.-Revenue: RMB11.832 Bln vs. RMB10.726 Bln last year.
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