ZTO - Why Chinese Express Delivery Company ZTO Shares Are Down Today | Benzinga
ZTO Express (Cayman) Inc (NYSE: ZTO) shares are trading lower by around 6% after it reported Q3 FY23 results.
Revenues rose 1.5% Y/Y to RMB9.08 billion. In USD terms, revenue stood at $1.244 billion in the quarter.
Revenue from the core express delivery business grew 2.2% Y/Y, with parcel volume up 18.1% Y/Y to 7,523 million.
KA revenue (includes delivery fees) from direct sales organizations, established to serve core express KA customers fell 51.3% ...