ZTO Express (ZTO) Q4 Earnings Top, Revenues Increase Y/Y

ZTO Express (ZTO) reported fourth-quarter 2023 earnings of 38 cents per share, which beat the Zacks Consensus Estimate by a penny and improved 2.7% year over year.Total revenues of $1,495.7 million improved year over year.Detailed Operational StatisticsRevenues from the core express delivery business jumped 8% year over year, owing to a 32% increase in parcel volume and an 18.2% decrease in parcel unit price. Parcel volume market share increased 32% from the year-ago reported quarter.Revenues from freight f ...