LLTC is up 1.7% tonight following earnings, if history is any clue this stock will widen tomorrow.
LLTC's session-to-session trading pattern following earnings favors a widening trend, doing so following 13 of its last 18 after-hours earnings releases. The near-term pattern shows wider moves in eight consecutive quarters.
On July 21, 2009, the stock gained 3.8% in evening trading after a Q4 beat and Q1 guidance above the Street view. The gain swelled to 8.2% the next day.
On April 14, 2009, the stock fell 2% in the after-hours session after LLTC beat with Q2 results but guides for Q3 below the Street. Shares fell a deeper 2.8% the next day.
On Jan. 13, 2008, the stock fell 3.5% after Q2 results fell from the year-ago quarter. The following day, the stock fell a deeper 4.1%.
On Oct. 14, 2008, the stock fell 13.5% during extended-hours trading after a Q1 beat but Q2 revenue guidance below Street. The loss widened to 15% the next day.
On July 22, 2008, LLTC shed 2.9% in after-hours trade after beating Q4 earnings expectations and meeting on revenue. The stock dipped further into the red the next day, closing down 4.1% in the July 23 regular session.
On April 15, 2008, LLTC advanced 2.6% in after-hours activity after beating Q3 expectations. The stock chugged higher the following day, rising 4.8% by the close on April 16.
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