ZTO Express' (HKG:2057) attributable profit rose to 1.99 billion yuan in the first quarter from 1.43 billion yuan in the year-ago period, according to a Wednesday filing with the Hong Kong bourse.
Earnings per share at the logistics company increased 39% to 2.44 yuan from 1.75 yuan in the year-ago period. Analysts at Visible Alpha estimated EPS at 2.74 yuan.
Revenue grew 9.4% to 10.9 billion yuan from 9.96 billion yuan in the prior-year period. Visible Alpha analysts forecast revenue at 11.8 billion yuan.
Meanwhile, the logistics company confirms its yearly parcel volume growth estimate of 20% to 24% to 40.8 billion to 42.2 billion.
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