Gelonghui, December 20 | ZTO Express (ZTO.US) fell 2.59% pre-market, reaching $19.21. According to reports, CICC released a research report indicating that ZTO Express's revenue in the third quarter was 10.675 billion yuan, an 18% year-on-year increase, gross profit was 3.335 billion yuan, a 23% year-on-year increase, and non-GAAP net profit was 2.387 billion yuan, a 2% year-on-year increase, in line with expectations. Considering potential changes in the competitive landscape next year, the firm lowered its earnings forecast for ZTO Express in 2025 by 9% to 10.791 billion yuan, maintaining an 'outperform industry' rating, and reducing the Target Price by 7% to $25.7. (Gelonghui)
美股异动丨中通快递盘前跌超2.5% 绩后遭中金下调目标价及盈测
U.S. stocks moved丨ZTO Express fell more than 2.5% in pre-market trading after being downgraded in target price and earnings forecast by CICC.
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