ZTO Express (Cayman) Q2 Adj Earnings Per ADS $0.42 Beats $0.39 Estimate, Sales $1.34B Miss $1.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZTO Express (Cayman) (NYSE:ZTO) reported Q2 adjusted earnings of $0.42 per ADS, beating the analyst consensus estimate of $0.39 by 7.69%. This is a 27.27% increase from the same period last year. However, the company's quarterly sales of $1.34 billion missed the analyst consensus estimate of $1.41 billion by 4.75%, though it is a 3.95% increase from the same period last year.
August 29, 2023 | 10:03 pm
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ZTO Express reported Q2 earnings that beat estimates but sales that fell short. This mixed report may lead to uncertainty in the market.
ZTO Express's Q2 earnings beat analyst estimates, which is positive for the stock. However, the company's sales missed estimates, which is a negative factor. The mixed results could lead to uncertainty among investors, potentially impacting the stock's short-term performance.
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