In the long-term data we've collected, ANGO has a clear tendency to widen its after-hours move in the next-day session following a post-bell earnings report. It has done so in 11 of the last 15 quarters. Near term, the stock has widened in the last four consecutive quarters.
On Oct. 6, 2009, ANGO advanced 1.8% in after-hours trading after missing Q1 expectations but also setting guidance in-line to above expectations. The stock added to its gains the next day, ending the Oct. 7 regular session up 3.3%.
On July 16, 2009, the stock fell 7.9% after earnings declined vs year ago levels. Shares fell a deeper 14.2% the next day.
On April 2, 2009, ANGO advanced 2.5% in after-hours trade after beating on earnings but coming in just shy on revenue. The stock surged higher the next day, ending the April 3 regular session up 9.4%.
On Jan. 6, 2009, ANGO edged down 0.08% in after-hours trade after beating earnings expectations but also lowering its sales view in-line to below Street estimates. The stock headed further south the next day, ending the Jan. 7 regular session down 7.7%.
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