Red Hat [RHT] earnings tomorrow 12-22, 6 of 6 last earnings AH reaction widened next trading day

RHT is favoring a pattern of following on with more aggressive, same-direction next-day closing levels following after-hours earnings-events. The stock has seen more aggressive next-day movement in 16 of the last 22 quarters, or 73% of the time.

In the near term, the stock has widened its next-day move in six consecutive quarters.

Looking deeper into the performance data, RHT performs solidly on both sides of the trades post-earnings. It has advanced in evening action in 10 of the 22 quarters we've tracked, and in six of those events the stock recorded a more aggressive next-day regular session move.

On the short end of the trade, RHT has recorded a post-earnings after-hours decline in 12 quarters. In nine of those quarters, the stock has posted a deeper move into the red in the following day's regular session.

Oracle [ORCL] AH reaction +3.5% widens into next trading day

Oracle extends the after hours reaction following earnings into next trading day. Now 7 straight quarters we've seen Oracle extend after hours reaction into the next trading day.

Research In Motion (RIMM) is due with its Q3 results after the bell tonight

RIMM favors widening between the sessions following earnings releases. It has seen its evening performance follow-on with more aggressive, same-direction next-day trade in 13 of the last 23 quarterly reports. The near-term pattern is geared toward seeing more aggressive, same direction next-day trade following its earnings-driven after-hours trade, doing so in six of the last seven quarters.

On Sept. 24, 2009, RIMM tumbled 11.5% in the after-hours session after missing revenue expectations and setting its guidance below the Street view. The stock was hammered lower in the following regular session, ending the Sept. 25 trade down 17%.

On June 18, 2009, RIMM slipped 0.4% in after-hours trade after beating earnings expectations, meeting on revenue, and setting guidance that straddled the Street view. The stock continued to head lower the following day, closing the June 19 regular session down 4.9%.

On April 2, 2009, RIMM charged 22.5% higher in after-hours trade after reporting better-than-expected results and guidance. It narrowed its upside slightly the following day, ending the April 3 regular session up 20.7%.

On Dec. 18, 2008, RIMM edged up 0.4% in after-hours trade after topping Street estimates and setting its guidance mostly above the Street view. The stock soared higher the next day, rising 11.4% by the closing bell on Dec. 19.

On Sept. 25, 2008, SMOD declined 19% in after-hours trade after missing earnings expectations and setting weaker-than-expected guidance. The stock tumbled further the following day, closing the Sept. 26 regular session down 27.5%.

http://midnighttrader.com

Oracle (ORCL) is due with its Q2 results after the close tonight

ORCL favors a session-to-session pattern in tracking more aggressive, same-direction next-day trade that follows extended-hours earnings events. As a result, the stock has seen more aggressive next-day regular session trade on the heels of 17 of its last 23 after-hours earnings reports, or 74% of the events we've tracked. In the near-term, the stock favors widening between the sessions as well, doing so in the last six consecutive quarters.

http://midnighttrader.com

On Sept. 16, 2009, ORCL dropped 2.4% in after-hours action after the company reported in-line earnings results, missed on revenue and set guidance in a range that could miss or meet the Street. The stock added to its negative run the next day, dropping 2.7% by the Sept. 17 regular session close.

On June 23, 2009, ORCL gained 2.6% in after-hours trade after beating Q4 expectations and setting its guidance above the Street view. The stock jumped higher the following day, ending the June 24 regular session up 7%.

On March 18, 2009, ORCL jumped 7.4% in after-hours trade after the company reported better-than-expected results and guidance. The stock firmed even higher the next day, closing the March 19 regular session up 9.7%.

On Dec. 18, 2008, ORCL advanced 3.3% in after-hours trade despite missing revenue expectations and setting guidance in-line with Street estimates. The stock firmed higher the following day, rising 7% in the Dec. 19 regular session.

On Sept. 18, 2008, ORCL gained 5.8% in after-hours trade after besting the Street's earnings expectations and guiding its outlook in line with estimates. The stock edged higher the following day, rising 7% by the close on Sept. 19.

On June 25, 2008, ORCL lost 3.1% in after-hours trade after topping Q4 expectations and setting its guidance in line with the Street view. It slid deeper into the red the next day, closing the June 26 bell-to-bell session down 5%.