BUZZ-HK-listed ZTO Express falls to 6-week low on Q1 revenue miss

Reuters

05/21

BUZZ-HK-listed <a href="https://laohu8.com/S/ZTO">ZTO Express</a> falls to 6-week low on Q1 revenue miss

** ZTO Express (Cayman) 2057.HK falls 6.4% to HK$135.1, lowest since April 9

** Stock set for biggest one-day pct drop since April 7

** Chinese express delivery services group posts Q1 revenue of 10.89 bln yuan ($1.51 bln), a 9.4% y/y rise, vs analysts' forecast of 11.93 bln yuan

** Adjusted Q1 EPS of 2.44 yuan higher than year-ago 1.75 yuan/share; analysts had estimated EPS at 2.78 yuan

** YTD, stock falls 4.6%

($1 = 7.2130 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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