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I just have a feeling - there were so many companies reporting that. FedEx revenue dropped 10%. Dell revenue dropped 10%. Union Pacific revenue dropped 10%. Fo
by tlogan 3y ago
I just have a feeling - there were so many companies reporting that.
FedEx revenue dropped 10%.
Dell revenue dropped 10%.
Union Pacific revenue dropped 10%.
Foot Locker revenue dropped 10%. Cisco sales are 10% down.
Maybe because I was following these companies …
- anonymouskimmer 3y agoFedEx & UPS: Amazon delivery is up, which means they use FedEx and UPS less. I noticed on the Macrotrends report for Union Pacific that the decrease is only in the last two quarter's results, and follows back to back yearly increases of 11.63% and 14.08%. The longer chart shows UP is subject to cyclical ups and downs since at least 2012. https://www.macrotrends.net/stocks/charts/UNP/union-pacific/revenue https://www.macrotrends.net/stocks/charts/UNP/union-pacific/... For Cisco I noticed you switched from revenue to sales. The most recent quarter's revenue results show an 8% year-over-year increase. https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2023/m11/cisco-reports-first-quarter-earnings.html https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2023/m11/ci...
- pasttense01 3y agoFedEx quit doing business with Amazon several years ago: Behind FedEx’s Strategic Decision to Leave Amazon at the Curb https://fortune.com/2019/08/07/fedex-amazon-deliveries/ https://fortune.com/2019/08/07/fedex-amazon-deliveries/
- anonymouskimmer 3y agoOkay, then Amazon delivery being up means that consumers prompt less use of FedEx.
- konschubert 3y agoVibecession. In fact, the US Economy grew more than 5% year-over-year