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Why Shares of ZTO Express Are Skyrocketing Today

·2 min read
Why Shares of ZTO Express Are Skyrocketing Today
In this article:
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Giving back of some of the 20.8% gain that they enjoyed earlier in the trading session, shares of ZTO Express (NYSE: ZTO) are still up significantly today. As of 11:38 a.m. ET, shares of the Chinese logistics company are up 10.3%. ZTO Express met analysts' top-line estimates, reporting 7.39 billion renminbi for Q3 2021, but it narrowly beat expectations on the bottom line, to the delight of investors.