MidnightTrader’s Earnings Notebook: JBLU, NFLX, TXN, NVLS
JetBlue Airlines
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6:10 AM, Apr 21, 2008 — JetBlue is due with its Q1 results in the pre-market on Tuesday, April 22, and analysts polled by Thomson First Call expect the company to report a loss of $0.07 per share on revenue of $786 million.
In looking back at the last two years of performance between the sessions, JBLU is holding a decent widening pattern, recording more aggressive follow-on regular session percentage trade on the heels of six of its last eight earnings-driven pre-market moves.
On Jan. 29, 2008, JBLU gained 6.4% in pre-market trade after reporting Q4 results ahead of expectations. It soared in the Jan. 29 regular session, rising 20.2% by the closing bell.
On Oct. 23, 2007, JBLU firmed 4.2% in pre-market trade after topping Q3 earnings expectations. It edged back just a bit in the following regular session, closing bell-to-bell trade up a more modest 4%.
On July 24, 2007, the stock edged down 0.4% in the pre-market session despite reporting results that were improved from the same period a year earlier. The loss was a deeper 2.5% by the closing bell later that day.
On April 24, 2007, JBLU edged up just 0.1% in pre-market trade after reporting higher year-over-year revenue and a narrower loss. It slipped into the red in the regular session, declining 2.5% by the close.
On Jan. 30, 2007, JBLU shed 2.6% in pre-bell action after the company topped Q4 sales estimates but missed earnings by a penny. The stock lost 4.5% in that day’s regular session.
On Oct. 24, 2006, JBLU advanced 2.3% in pre-bell trade after the company posted results in-line with Street estimates. The stock continued to advance between the bells, rising 4.7% by the close.
On July 25, 2006, JBLU was hit for a 4.2% decline in pre-market trade despite topping Street estimates. It fattened that downside to a 6.3% slide by the day’s end.
On April 25, 2006, JBLU gained 3.8% ahead of the open after the company reported a narrower-than-expected loss. The stock surged even higher in the regular session, rising 13.1% by the closing bell.
Lexmark International
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6:14 AM, Apr 21, 2008 — Lexmark International is expected to report its Q1 results prior to the opening bell on Tuesday, April 22, and Wall Street analysts are forecasting a profit from the company of $0.90 per share on revenue of $1.17 billion, according to Thomson First Call.
We’ve found LXK has demonstrated aggressive follow-on widening movement following its last nine of its last 12 earnings events. It’s near-term trend is mixed, with two widening and two narrowing events in the last four quarters.
On Jan. 29, 2008, LXK charged 12.4% higher in pre-bell action after blowing past Q4 expectations and setting earnings guidance above the then-current Street view. LXK added to its upside in the following regular session, ending the day with a gain of 15%.
On Oct. 23, 2007, LXK edged up 0.02% in pre-market trade after beating Q3 expectations and guiding above the Street for its Q4. It lost that thin gain in the following regular session, declining 7.1% by the close on Oct. 23.
In the July 24, 2007, pre-market LXK fell 2.3% after just topping with Q2 EPS and reporting revenue in line. The stock fell a slimmer 1.5% during the regular session.
On April 24, 2007, LXK tumbled 8.4% in pre-bell trade after missing Q1 earnings estimates and guiding Q2 below the Street view. It added slightly to this downside in the regular session, ending the day down 8.9%.
On Jan. 30, 2007, LXK slid 5.5% in pre-market trade after the company reported Q4 revenue flat with the year ago period but higher earnings. The stock added just slightly to its declines in the regular session, losing 5.6%.
On Oct. 24, 2006, LXK declined 3.6% in pre-market trade after the company reported a year-over-year decline in revenue and guided for flat to down revenue growth. The stock continued to slide in that day’s regular session, losing 4.9%.
On July 25, 2006, LXK edged back 0.1% in pre-market trade after the company reported a year-over-year decline in quarterly revenue and guided for Q3 revenue to be flat to down. The stock recorded a far deeper decline in that day’s regular session, losing 4.2% by the close.
On April 25, 2006, LXK firmed 7.4% in pre-market trade after the company beat Q1 expectations and guided in-line for its Q2 earnings. It shed some of the upside in that day’s regular session, ending bell-to-bell trade up a more modest 3%.
On Jan. 24, 2006, LXK jumped 8.2% in pre-market trade after the company beat earnings expectations and guided its forward profit-view in-line to higher than the then-current estimates. The stock added to its upside in the Jan. 24 regular session, rising 11.3% by the closing bell.
On Oct. 25, 2005, LXK lost 3.3% in pre-market trade after the company reported Q3 results that topped estimates but also set its outlook at disappointing levels. The stock added to its downside momentum in the Oct. 25 regular session, ending the day down 6.5%.
On July 26, 2005 LXK lost 6.5% in pre-market trade after the company reported in-line EPS, revenue shy of expectations, and announced job cuts. It saw more aggressive downside pressure in the July 26 regular session, losing 10.4%.
On April 26, 2005 LXK tumbled 10.3% in pre-market action after missing Q1 expectations and guiding for a possible Q2 miss. Sellers hammered away at the stock between the bells, beating it down 14% by the close.
Mindspeed
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7:00 AM, Apr 21, 2008 — Mindspeed is due out with Q2 results after the bell tonight, and analysts polled by Thomson are expecting earnings of $0.01 per share on revenue of $35.7 million.
MSPD is mostly mixed in its next-day share moves after an evening earnings event. In the near term, the stock is a mixed performer, two wider, one narrower and one flat move over the last four quarters.
On Jan. 28, 2008, the stock finished the evening session flat after the company met with Q1 results and guided largely in line. Shares fell 3.3% the next day.
On Oct. 29, 2007, MSPD firmed 3.5% in after-hours trade after beating Q4 earnings expectations. It jumped higher in the following regular session, rising 4.7% by the closing bell.
On July 23, 2007, MSPD slipped 1.8% in night trade after meeting Q3 estimates but guiding Q4 sales to be in line to below Street views. However, the shares erased those losses to end flat during the next day’s regular session.
On April 23, 2007, MSPD soared 10.8% in after hours when the company about met Q2 estimates and forecasted non-GAAP profits in Q3. Shares held that same level the next day.
On Jan. 22, 2007, the stock was up 3.7% in evening trading after MSPD reported about in line with its latest earnings results. The gain expanded to 9.1% the next day.
On Oct. 30, 2006 MSPD dropped 4.5% in night trade after missing Q4 estimates. Shares rebounded, though, the next day closing the regular session down only 0.5%.
On July 31, 2006, the stock fell 9.5% after the company reported nearly in line with Q3 results but said it expects a sequential drop in sales. During the next trading day, shares tanked 15.1%.
On April 4, 2006, the stock fell 5.4% in the evening hours after the company missed with Q2 results. Shares rebounded to gain 4.9% the next day, however.
In January 23, 2006, MSPD dropped 4% in night trade after matching Q1 loss estimates and beating sales expectations. The shares rebounded and more the next day, closing the regular session up 6.6%.
On October 24, 2005, MSPD rose 2.8% in night trade after reporting Q4 revenues in line with expectations and a loss per share that was a penny narrower than forecasts. However, it couldn’t hold the gains and ended the next day’s regular session down 3.7%.
On July 25, 2005, MSPD ended the night session up 7.2% after the company matched Q3 EPS loss estimates but topped revenue expectations. The shares rallied further the next day, ending regular trade up 36.2%.
On April 25, 2005, MSPD ended the night session down 2.2% on lower-than-expected revenues while EPS losses matched targets. Shares widened their losses in the next day session, ending regular hours down a sharp 23.4%.
NetFlix
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7:01 AM, Apr 21, 2008 — Netflix is slated to report Q1 results tonight after the close. It is expected to report a profit of $0.21 per share on sales of $327 million, according to the mean estimate of analysts polled by Thomson First Call.
NFLX is showing a slight long-term tendency to widen its post-earnings share move between the sessions, doing so in 10 of the last 17 quarters for which we’ve tracked results. The near-term performance is mixed, with two wider and two narrower share moves in the last four quarters.
On Jan. 23, 2007, the stock fell 1.9% evening trading despite largely topping with Q4 results but also issuing guidance that appeared to disappoint the Street. The issue fell 7.6% the next day.
On Oct. 22, 2007, the stock jumped 13.5% in evening trading after reporting ahead of the Street with Q3 results and guiding higher for Q4 and the full year. The gain was pared just slightly, to 12.9% the next day.
On July 23, 2007, NFLX dropped 4.4% in night trade after missing Q2 sales estimates and guiding below Street views. Shares fell further the next day, ending the regular session down 6.9%.
On April 18, 2007, NFLX tumbled 11.5% in pre-market trade after missing Q1 sales estimates, meeting on EPS and issuing guidance that could miss expectations. However, shares bounced slightly during the regular session and closed down a less steep 9.4%.
On Jan. 24, 2007, NFLX gained 10.3% in after-hours trade after the company met on revenue and beat on EPS. The bulk of that upside turned south in the next day’s regular session as NFLX closed Jan. 25 trade up a mere 2.2%.
On Oct. 23, 2006, NFLX soared 13.2% in after-hours trade after the company blew past Q3 results. It churned even higher in the Oct. 24 regular session, ending the day up 18.5%.
On July 24, 2006, shares tumbled 20.6% in evening trading hours after the company missed with its latest revenue figure and guided for lower revs. The loss was largely repeated during the next day’s regular trading session when shares ended down 20.9%.
On April 24, 2006, shares advanced 5.6% after the company topped with Q1 results and guided higher. The gain was trimmed to 1.4% the next day.
On January 24, 2006, NFLX jumped 10.2% in after-hours trade when the company topped Q4 estimates and guided for Q1 sales to be ahead of Street views. Shares soared further the next day, ending the regular session up 15.5%.
On Oct. 19, 2005, NFLX slimmed down 5.5% in evening action after the company missed sales expectations and set its revenue guidance in a range that could come in below the then-current estimates. NFLX closed the Oct. 20 regular session down 9.5%.
On July 25, 2005, NFLX jumped 12% in evening trade, after it beat Q2 EPS estimates and raised its sales outlook. The stock managed to hold its gains although it could not add to them during the following day session. It closed up 12% that day.
On April 21, 2005, NFLX tumbled 8.1% in after-hours trade after the company reported a narrower-than-expected loss but issued revenue guidance below current Street estimates. It narrowed its next-day movement slightly, closing the April 22 regular session down 7.8%.
NFLX ramped up 15.1% in the Jan. 24, 2005 after-hours session after the company beat Q4 expectations and issued a Q1 outlook ahead of the current analyst view. It saw the bulk of those gains disappear the next day as NFLX closed out the Jan. 25 regular session with a mere 1.7% rise.
Prior to the 2005 and 2006 events the issue was one of the most consistent movers between the sessions in 2004, posting wider next-day closing levels following its four previous after-hours earnings reports.
NFLX was crushed for a 36.9% decline the night of Oct. 14, 2004 after the company reported improved results over the year ago level but set cautious guidance. It was hit for more aggressive declines the next day, sliding 40.9% by the closing bell.
NFLX was punished for a 15.3% decline the night of July 15, 2004 after the company posted in-line revenue results but missed on EPS. It was pummeled the next day, closing out the regular session down 28%.
On April 15, 2004 NFLX cratered 11.7% in after-hours trade after topping expectations and issuing in-line guidance. Sellers carved out deeper declines the next day, pushing it down 16.9% by the closing bell.
On Jan. 21, 2004 NFLX ramped up 10% in after-hours trade after besting the Street view and raising its guidance. The stock flew higher the next day, adding 18% by the close.
Novellus Systems
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5:49 AM, Apr 21, 2008 — Novellus Systems will report Q1 results after the close tonight, and analysts polled by Thomson First Call expect the company to report a profit of $0.16 per share on revenue of $315 million.
NVLS is favoring a widening trend between the sessions following extended-hours earnings events recorded within our database. The stock has seen its evening movement widen nine times and narrow six following its last 15 earnings events. In the near term, NVLS is mixed. It has reversed its move twice and widened twice.
On Jan. 30, 2008, NVLS declined 3.9% in after-hours trade despite beating Q4 expectations. It saw this decline evaporate in the Jan. 31 regular session, advancing 1.5% by the closing bell.
On Oct. 23, 2007, NVLS eked out a 0.6% rise in night trade following better-than-expected results. It found firmer upside footing the following day, rising 1.5% by the close on Oct. 24.
On July 16, 2007, the stock slipped 0.6% in the after-hours market despite beating with Q2 results. The stock rallied to gain 11.2% the next day.
On April 18, 2007, NVLS slipped 2.8% in night trade after missing Q1 expectations. Shares fell further the next day, ending down 5.8%.
On Jan. 24, 2007, NVLS rose 2.1% in after-hours trade when the company beat Q4 and FY estimates However, shares could not hold onto their gains and ended the next day’s regular session down 2.1%.
On Oct. 17, 2006, the stock dropped 4.4% in response to a post-bell release that showed Q3 sales just missed the Street’s expectation. The loss deepened to 7.4% the next day.
On July 19, 2006, shares gained 2.1% in the night session after the company beat with Q2 results. That gain turned to a 4.1% loss by the closing bell the next day.
On April 19, 2006, shares were down 3.4% after the company beat the Street view with its latest results. The loss picked up the next day, with shares finishing down 6.1%.
On Jan. 25, 2006, NVLS gained 4.2% after topping the Street’s view with Q4 results and guiding higher for the coming quarter. The gain swelled to 7% the next day.
On Oct. 17, 2005, the stock fell 8% during the after hours and extended its slide with a 12.3% decline the following day; the company set guidance below expectations.
On July 19, 2005, the stock fell 1.9% in the after hours despite the company’s reporting better-than-expected Q2 results. However, shares regained some ground and closed the July 20 regular session up a bullish 6.8%.
On April 18, 2005, the stock fell 1.4% after hours despite posting in-line results; on the other hand, it set a cautious outlook. It fell marginally harder in the April 19 regular session, closing down 1.5%.
On January 27, 2005, NVLS beat expectations and the stock edged down 0.6%. It added to its downside in next-day trade, losing 1.5% by the January 28 closing bell.
On Oct. 13, 2004, NVLS slid 5.8% after reporting better-than-expected results. The issue was pressured further the following day, losing 8.8% in regular session trade.
And, on July 12, 2004, NVLS lost 5.1% in premarket trade after the company beat expectations. It narrowed its downside in the July 12 regular session, managing a 4.2% decline between the bells.
PLX Technology
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6:59 AM, Apr 21, 2008 — PLX Technology is due to report Q1 results after the bell, and Wall Street is looking for revenue of $23 million and earnings of $0.07 per share.
PLXT has generally shown a widening pattern from the after-hours session following an earnings report to the next day’s trade. The shares have extended their night moves in the next day’s regular trading session in nine of the 14 events we have tracked; one of the exceptions, however, was last quarter. Overall, in the near term, the stock has twice widened and twice narrowed its share move.
On Jan. 28, 2008, the stock gained 4.6% during evening trading after PLXT reported above the year-ago performance with Q4 results. Shares reversed to close down 3.2% the next day.
On Oct. 22, 2007, PLXT slipped 0.09% in evening hours after the company meets with Q3 results. The stock saw a mild bounce to close up 0.09% the next day.
On July 23, 2007, PLXT ended the night session flat after posting a slight loss despite higher Q2 sales from a year ago. However, shares tumbled the next day to end the regular session down 13.6%.
On April 23, PLXT gained 4.6% in the evening hours after reporting in line with revenue and offering revenue guidance that straddles. The gain expanded slightly, to 4.9%, the next day.
On Jan. 25, 2007, the stock tumbled 11.4% as guidance came in below the Street’s view. The loss was a deeper 13.1% the next day.
On Oct. 18, 2006, PLXT inched up 0.6% in evening activity after beating Q3 estimates and forecasting Q4 sales to be mostly above Street views. Shares soared the following day, ending the day session up 19.5%.
On July 18, 2006, PLXT dropped 10.7% in night trade despite beating Q2 estimates and forecasting Q3 sales in line with expectations. The shares tumbled further the next day, closing the day session down a sharp 21.2%.
On April 18, 2006, PLXT gained 5.2% in after-hours trade after reporting improved Q1 results from a year ago and forecasting Q2 sales in line with estimates. The shares added to those gains the following day, closing regular trading up 6.5%.
On January 31, 2006, PLXT jumped 6.5% in after-hours when the company said it earned a profit in Q4, up from a loss a year ago and above the FC mean. Sales also rose from the year earlier period. PLXT widened its gains the next day, ending the regular session up 18.6%.
On Oct. 18, 2005 PLXT gained 3.3% after posting flat earnings and not the loss expected. Shares gained 5.2% the next day.
On July 19, 2005, PLXT ended the after-hours session flat on limited volume after meeting loss estimates, missing on revenue and guiding Q3 below the Street. It plunged 10% in the July 20 regular session.
On April 19, 2005, PLXT dropped 2.7% in after-hours trading after EPS missed Street targets. The stock took a drubbing in the April 20 regular session, widening its loss to 5.8%.
On Oct. 19, 2004, PLXT lost 5.1% after beating expectations but guiding below the Street. It turned to the plus-side in the Oct. 20 regular session, however, closing up 3.8%.
On July 15, 2004, PLXT plunged 21.8% after missing on revenue but topping EPS expectations. Traders dumped shares in the July 16 regular session, and PLXT closed down 26.4%.
Tellabs
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6:17 AM, Apr 21, 2008 — Tellabs is expected to report its Q1 results in the Tuesday, April 22 pre-market session, and analysts polled by Thomson First Call are anticipating a profit of $0.04 per share on revenue of $454 million.
TLAB just favors a long-term narrowing trend, cutting back its extended-hours performance in the following regular sessions in eight of its last 14 quarters. The near-term performance favors narrowing, with three narrowing events in the last four quarterly reports.
On Jan. 22, 2008 TLAB lost 5.9% in pre-market trade despite beating on Q4 and setting its Q1 revenue guidance above the Street. Its downside was cut back in the Jan. 22 regular session, with the issue ending the day down 3.7%.
On Oct. 23, 2007, TLAB declined 2.1% in pre-market trade after meeting on Q3 revenue, beating on earnings and guiding its Q4 revenue below expectations. It reversed to the plus-side in the regular session, posting a 3.1% rise by the closing bell.
On the morning of July 24, 2007, the stock gained 1.4% after reporting ahead of the Street with Q2 results. The gain was 2.7% during regular trading.
On April 24, 2007, TLAB lost 3% in pre-market trade after the company topped earnings expectations and issued an outlook in-line with the Street view. The issue founded more confident upside support in the regular session, ending the day with a firm 3.5% rise.
On Jan. 23, 2007, TLAB declined 2% in pre-market action after reporting Q4 revenue shy of expectations, beating on EPS, and guiding revenue below the Street view. The stock cut back its declines in that day’s regular session, ending down 0.7%.
On Oct. 24, 2006, TLAB was hit for a 10% decline in pre-market trade after the company met on revenue expectations and beat on earnings. It cut a good chunk of the downside through the regular session, ending bell-to-bell play down 5.6%.
On July 27, 2006, TLAB tumbled 8% in pre-market trade despite topping Q2 expectations. It was hammered even lower in the regular session, losing a hefty 15.9% by the closing bell.
On April 26, 2006, TLAB advanced 4.2% in pre-market trade after the company beat Q1 expectations. It firmed to a 5.5% rise by the close of the April 26 regular session.
On Jan. 26, 2006, TLAB soared 20.8% in pre-market action after the company blew past Q4 expectations and announced a share buyback. The stock maintained the bulk of its gains through the regular session, but edged back slightly from its morning advance – ending the day up 19.6%.
On Oct. 25, 2005, TLAB edged down 1% in pre-market trade after the company beat earnings estimates but missed on revenue. It recorded a slight narrowing in the Oct. 25 regular session, losing 0.8% by the close.
On July 26, 2005 TLAB gained 7.2% in pre-market trade after the company beat the Street on earnings. It jumped 8.1% in that day’s regular session.
On April 20, 2005 TLAB advanced 5.3% in morning action following better-than-expected results. Buyers continued to muscle into the shares in the regular session, boosting TLAB 10% by the closing bell.
On Jan. 25, 2005 TLAB slimmed down 4.4% in pre-market activity despite beating the Street view on its results. It pared back that downside in the regular session, losing a less aggressive 3.5%.
On Oct. 26, 2004 TLAB declined 3.4% in pre-market trade after its results came in below Wall Street expectations. The stock saw added downside pressure in the regular session, declining 4.8%.
Texas Instruments
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5:58 AM, Apr 21, 2008 — Texas Instruments (TXN) is due with its Q1 results after the bell tonight, and Wall Street is targeting a profit of $0.43 per share on revenue of $3.279 billion, according to Thomson First Call.
TXN gives an edge to wider next-day share moves following evening earnings releases. It has widened 10 times, narrowed five and turned in one flat performance over the quarters we’ve tracked. The near-term pattern strongly favors a widening pattern, with share moves expanded in three of the four most recent quarters.
On Jan. 22, 2008, TXN firmed 3.1% in evening action after topping Q4 estimates and setting its Q1 guidance in line with the Street view. The stock added to its upside in the following Jan. 23 regular session, gaining 4.5% by the close.
On Oct. 22, 2007, TXN declined 4% in after-hours trade after the company met expectations but issued sales guidance below forecasts. It added to its downside in the Oct. 23 regular session, losing 8.3%.
On July 23, 2007, TXN slipped 3.4% in night trade after reporting Q2 EPS in line with estimates but missing on sales. Shares eased a bit further the next day to end the regular session down 4.5%.
On April 23, 2007, the stock was up 9.7% in the evening hours after the company reported ahead of the Street with Q1 results and guided mostly above. The gain was pared slightly, to 7.7%, the next day.
On Jan. 22, 2007, shares were up 2.3% after results topped the year-ago period and despite guidance below the Street view. The stock gained 3.5% the next day.
On Oct. 23, 2006, TXN slipped 1.1% in after-hours trade after the company reported mostly in-line to better-than-expected results but also issued sales and earnings guidance mostly below the Street view. The decline grew more aggressive the next day, with TXN closing the Oct. 24 regular session down 4.2%.
On the evening of July 24, 2006, the stock gained 3.6% after the company reported ahead of the Street with Q2 results and offered guidance that straddles the Street’s view. The gain improved slightly, to 4%, the next day.
On April 18, 2006, TXN rose 3.2% in after-hours trade when the company topped Q1 estimates and guided for higher-than-expected Q2 earnings. The shares lost steam though and ended the following day’s regular session up 1.3%.
On Jan. 23, 2006, shares fell 1.9% after the company reported revenue and earnings short of the FC mean. The decline stretched to 3.1% the next day.
On Oct. 24, 2005, TXN declined 4.2% in evening trade after the company reported better-than-expected results but set its sales forecast in a disappointing range. TXN ended the Oct. 25 regular session down a deeper 7.6%.
On July 25, 2005, TXN ended the night session up 5.5% after the company topped Q2 estimates and guided for Q3 to be in line with expectations. The stock held those gains to close the next day session up the same amount, up 5.5%.
On April 18, 2005 TXN advanced 5.9% in night trade after the company posted better-than-expected results and guided in-line to better than the then current Street view. It reduced that upside slightly on April 19, closing bell-to-bell trade up 5.5%.
Back on the night of Jan. 25, 2005, TXN added 2% in after-hours trade after the company beat expectations and guided in-line to slightly lower than the Street view. The issue added to its upside on Jan. 26, closing the regular session up a bullish 7.3%.
TXN jumped 5.7% in night trade back on Oct. 18, 2004, reporting better-than-expected results and in-line guidance. It closed the Oct. 19 regular session up 6.9%.
Before the Oct. 18-19 event, TXN had been holding to a pattern of seeing its extended-hours gains or declines pared back in next-day trade.
TXN scored a 2.5% advance the night of July 20, 2004, after the company reported in-line results but issued guidance that could miss estimates. The stock turned sharply lower in the July 21 regular session, declining 5.1% by the closing bell.
On April 19, 2004, TXN added 1% in night trade after beating revenue expectations and guiding higher. The stock tumbled 2.3% by the end of the next day’s regular session.
Zoran Corp.
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6:01 AM, Apr 21, 2008 — Zoran Corp. is slated to report Q1 results after the bell. The average estimate of analysts polled by Thomson First Call is for revenues of $107 million and EPS of $0.07.
ZRAN is mixed in its long-term history of post-earnings share reaction in night trading compared to the following day’s regular session. It has narrowed its evening move the next day following five events and widened in five events. In the near-term, the stock favors narrowing, cutting back or reversing its after-hours trade in the next day’s regular session three times in the last four quarters.
On Jan. 28, 2008, ZRAN shed 20.8% in after-hours trade after issuing revenue and guidance that disappointed investors. Its decline was cut back the following day, with the stock closing with a loss of 15.1%.
On Oct. 22, 2007, ZRAN advanced 4.7% in after-hours action after besting the Q3 Street estimate and guiding mostly above expectations for its Q4. The stock firmed even higher the following day, closing with a 15% gain.
On July 23, 2007, ZRAN gained 4% in the evening session after reporting ahead with Q2 results but guiding for Q3 in line to lower. The gain was trimmed to 3.3% the next day.
On April 24, 2007, ZRAN jumped 11.1% in the evening session after the company beats and guides higher. The gain was cut to 4.2% the next day.
On Feb. 1, 2007, the stock was up 4.7% despite a sales miss, guidance about in line. The stock jumped 8.8% the next day.
On Oct, 24, 2006, the stock dropped 8.8% in the pre-market after missing Q3 sales estimates. It fell 10% in the regular trading session later that day.
We have no trading data from the April 4, 2006, earnings release.
On Jan. 30, shares were up 10.7% in evening trading after the company reported earnings per share well ahead of the Street’s view and guided for Q1 in a range that could top analysts’ expectations. The rally reversed the following day, with the stock ending down 6.8%.
On October 26, 2005, ZRAN rose 1.4% in night trade after beating Q3 estimates and forecasting Q4 earnings to be ahead of expectations. The next day, the shares expanded gains, closing regular hours up 14.8%.
On July 26, 2005, ZRAN jumped 7.4% on better-than-expected Q2 results. It reported an EPS gain instead of an expected loss. However, shares lost steam the next day, shaving its nighttime gains to end regular hours up a mere 0.4%.
On April 28, 2005, ZRAN gained 6.4% after topping Q1 estimates and raising its Q2 outlook. It added to its gains the next day, closing the day session up 17.4%.
Brooks McFeely is widely regarded as the leading expert on extended-hours trading. He is a Managing Partner for Brochet Capital Partners, LP and the founder of Midnight Trader, Inc. (www.midnighttrader.com), the leading provider of pre-market and after-hours trading analysis and news to retail and institutional investors.