ZTO Express Inc. (ZTO) shares plunged 5.04% in the after-hours trading session on Tuesday, following the company's announcement of lowering its full-year parcel volume growth guidance.
According to the news, ZTO Express has revised its annual parcel volume growth guidance down to 11.6%-12.3%, from the previous estimate of 15%-18%. This downward revision in guidance suggests that the company is facing challenges in maintaining the expected growth rate, which could potentially impact its revenue and profitability.
The market reacted negatively to this news, as investors interpreted the lower guidance as a sign of potential headwinds or weakening demand for the company's express delivery services. The stock's after-hours plunge reflects the market's disappointment and concerns over the company's future performance.
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