MidnightTrader Earnings Play: Yahoo
Yahoo!
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PowerRating) is due with its Q3 results after the bell tonight, and analysts polled by Thomson Reuters are expecting the company to report a profit of $0.09 per share on revenue of $1.37 billion.
YHOO has now narrowed its share move between the sessions three times in the last four quarters. The longer-term trend is mixed, with nine narrower and eight wider next-day moves after evening earnings releases.
On July 22, 2008, the stock gained 2% during extended-hours trading despite a Q2 earnings miss. Shares reversed to end down 4.7% the next day, however.
On April 22, 2008, YHOO slipped 0.8% in after-hours trade after posting Q1 results ahead of expectations. It saw continued selling the next day, closing the April 23 regular session off 1.6%.
On Jan. 29, 2008, YHOO cratered 10.2% in evening action after meeting on Q4 revenue, beating on earnings, and setting mixed guidance. It saw that downside narrow slightly the following day, ending the Jan. 30 regular session down 8.4%.
On Oct. 16, 2007, YHOO charged 8.9% higher in night trade after topping Q3 estimates. It pared that gain slightly the following day, ending the Oct. 17 regular session up 7.9%.
On July 17, 2007, YHOO shed 4.1% in the evening hours after reporting revenue and guidance in line. The loss was a slightly deeper 4.8% the next day.
On April 17, 2007, YHOO dropped 8.1% in night trade on weaker-than-expected Q1 sales, ex-TAC. It tumbled further the following day, closing the regular session down 11.7%.
On Jan. 23, 2007, the stock was up 5.9% in the after-hours session after the company reported ahead of the Street with Q4 results but guided mostly lower with its revenue projections. The stock was up 7.3% the next day.
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