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Why ZTO Express Stock Was Sliding Today

TheMotleyFool

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Why ZTO Express Stock Was Sliding TodayPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png

Shares of ZTO Express (NYSE: ZTO) were pulling back today after the Chinese logistics company reported its third-quarter earnings results. The company posted strong top-line growth in its third-quarter report, but nonetheless saw profits decline due to increased competition weighing on prices.

As of 12:36 p.m. EST, the stock was down 7.7%.

Image source: Getty Images.

Source Fool.com

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