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ZTO Express (Cayman) Inc. (NYSE:ZTO ) Q3 2023 Earnings Conference Call November 16, 2023 7:30 PM ET Company Participants Sophie Li - Investor Relations Director Meisong Lai - Founder, Chairman and Chief Executive Officer Huiping Yan - Chief Financial Officer Conference Call Participants Qianlei Fan - Morgan Stanley Ronald Keung - Goldman Sachs Aaron Luo - UBS Operator Good day and welcome to the ZTO Express Third Quarter 2023 Financial Results Conference Call. All participants will be in a listen-only mode.
ZTO Express (ZTO) third-quarter 2023 revenues are expected to have benefited from strength in parcel volume.
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An increase in parcel volumes aids ZTO Express' (ZTO) express delivery services unit. However, a rise in selling, general and administrative expenses continues to bother the bottom line.
ZTO Express (Cayman) Inc. (ZTO) reported earnings 30 days ago. What's next for the stock?
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ZTO Express (ZTO) continues to expect 2023 parcel volume in the range of 29.27-30.24 billion.
ZTO Express' (ZTO) second-quarter 2023 earnings and revenues improve year over year.
ZTO Express (Cayman) Inc. (ZTO) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.33 per share a year ago.
ZTO Express, a Chinese express delivery company, saw its shares fall after hours Tuesday on mixed results The company posted adjusted earnings of $0.42 per share, above Street expectations of $0.39. Revenue came in at $1.34 billion, up from $1.29 billion a year earlier but short of expectations of $1.39 billion.