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ZTO Express (ZTO): Q3 2019 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— ZTO Express (Cayman) Inc. (NYSE: ZTO) reported Q3 2019 earnings of RMB1.69, or $0.24 per share, vs. $0.22 expected.

— Revenues grew 24.4% to RMB5,265.8 million, or $736.7 million, vs. $756.6 million expected.

— Parcel volume was 3,057.9 million, up 45.9% from last year.

— Number of pickup/delivery outlets was approx. 30,000 as of September 30, 2019.

— FY19 adjusted net income is expected to be RMB4.8 billion to RMB5.2 billion, representing a 14.3% to 23.8% increase from FY18.

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