TXRH favors a widening trend in its movement between the after-hours market and the next day's session following an evening earnings event. In the data MidnightTrader has collected, shares have widened nine times and reversed four times. The near-term performance also favors widening; shares have extended their after-hours direction in four of the last five quarters.
On May 4, 2009, TXRH advanced 3.3% in evening trade after the company beat earnings expectations and met the Street's revenue view. The stock churned higher the following day, ending the May 5 regular session up 7.6%.
On Feb. 23, 2009, the stock fell 3.5% after meeting with Q4 earnings. Shares fell 5.5% the next day.
On Oct. 27, 2008, TXRH declined 4.6% in night trade on the back of disappointing results and guidance. It narrowed that decline slightly the next day, closing the Oct. 28 regular session down 3.7%
On July 28, 2008, the stock gained 3% in extended-hours trading after TXRH beat with Q2. The gain more than doubled the next day and shares closed up 7.8%.
On April 28, 2008, TXRH firmed 5.7% in night trade after topping earnings expectations. The stock jumped higher the next day, rising 12.3% by the closing bell.
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