Shares of ZTO Express (Cayman) Inc. (ZTO) gained over 8% on Wednesday morning after the company reported fourth-quarter earnings and revenues.
The stock is currently trading at $25.59, up $1.86 or 7.84%, on the NYSE. It opened at $24.88 after closing the previous session at $23.73. The stock has traded between $16.34 and $26.20 over the past 52 weeks.
ZTO Express reported fourth-quarter net income of RMB2.625 billion, or RMB3.31 per share, compared with RMB2.382 billion, or RMB2.89 per share, in the same period last year.
Excluding items, adjusted earnings were RMB2.626 billion, or RMB3.31 per share.
Revenue increased to RMB14.510 billion from RMB12.919 billion a year earlier.
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