Apple Usually Favors Reversing or Narrowing After-Hours Declines Driven by Earnings in the Next Day Trade

In the 19 years of data we've tracked in our MT Pro database, Apple (AAPL) has favoured bearish trade reversals following its earnings-driven after-hours swings. On the upside, the mixture is essentially even.

In 47 of the 75 quarters that our database has tracked, AAPL has experienced an after-hours rise that was driven by earnings. The stock increased its after-hours gain in the following day's trading 23 times, changed direction 23 times, and remained flat one time. On the downside, AAPL has experienced 28 earnings-driven after-hours drops, 11 of which were added to in the next day's trading and 17 of which were reversed, or 61% of the time.

AAPL is scheduled to release its third quarter financial results after market close today. According to Capital IQ, analysts anticipate the company to report earnings of $1.15 per share on revenue of $82.97 billion.