ZTO Express -4% on margin worries

|About: ZTO Express (Cayman) Inc. (ZTO)|By:, SA News Editor

ZTO Express (NYSE:ZTO) is down 3.90% after the company's margin drop in Q4 startled investors.

ZTO's gross margin rate was reported at 27.5% of sales vs. 31.% a year ago and the consensus expectation of 29.2%. The company says the decrease in gross margin was mainly driven by parcel volume growth.

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