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ZTO Express Q1 Adjusted Earnings, Revenue Rise

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ZTO Express (ZTO) reported Q1 adjusted earnings late Tuesday of 2.95 Chinese renminbi ($0.43) per diluted American depositary share, up from 2.71 renminbi a year earlier.

Analysts' estimates were not readily available for comparison.

Revenue for the quarter ended March 31 was 13.28 billion renminbi, up from 10.89 billion renminbi a year earlier.

Two analysts surveyed by FactSet expected 12.51 billion renminbi.

Shares of the company were down over 5% in Wednesday's premarket activity.

Price: $22.16, Change: $-1.39, Percent Change: -5.90%

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