Charts by AIQ SystemsHPQ is favoring a pattern where it follows through with more aggressive next-day regular session trade following an earnings-driven after-hours move. It has moved more aggressively in the same direction the next day in 14 of 22 quarters. In the near term, it has added to its evening performance in next-day trade in the last six consecutive quarters.
On May 19, 2009, HPQ declined 4.6% in after-hours action after meeting Q2 expectations and setting its Q3 guidance in-line with Street estimates. The stock headed lower the following day, closing the May 20 regular session down 5.2%.
On Feb. 18, 2009, HPQ lost 6.6% in after-hours trade after posting Q1 revenue below expectations, matching on EPS, and offering mixed guidance. The declined swelled to a 7.8% decline by the close on Feb. 19.
On Nov. 24, 2008, HPQ declined 1.4% in evening trade after beating Q4 expectations and issuing mixed guidance. The stock added to its downside the next day, losing 5.8% by the Nov. 25 closing bell.
On Aug. 19, 3008, HPQ advanced 2.7% in after-hours trade after beating Q3 expectations and setting its guidance mostly above the Street view. The stock surged even higher in the Aug. 20 regular session, closing with a 5.7% gain.
On May 20, 2008, the stock slipped 0.6% during evening trading after beating with Q2 results but guiding in line. The loss fattened to 3.5% the next day.
On Feb. 19, 2008, the stock gained 5.1% during evening trading after a Q1 beat and guidance above the Street view. The stock gained 7.9% the next day.
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