3Q Results
#1
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3Q Results
Well, and to be clear, not being sarcastic at all, happy for my Fedex friends and colleagues! Q3 included all of Feb when things were already mostly shut down in China yet Purple managed to INCREASE revenue (by a small amount yet a gain), $17.49B vs $17.01B a year ago that you still had Amazon revenue and a normal Feb. Net income is another story but that will rebound once TNT issues are behind and cost savings measures are realized such as Ground delivering some Express packages, to name a few. Net income IMO not a byproduct of Corono but of the ongoing structural issues that are being addressed. I know they suspended guidance going forward, but if volumes have been holding up like our peers are saying and as revenue shows, maybe they are setting Wall Street up for disappointment only to surprise them.
While the results were not optimal or perfect, it should provide some sense of relief, also IMO.
While the results were not optimal or perfect, it should provide some sense of relief, also IMO.
#3
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#4
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I would absolutely expect that to be the case, which definitely is good news in an otherwise decimated airline industry. Let's hope it continues.
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