07:00 AM EDT, 04/25/2024 (MT Newswires) -- Alphabet (GOOGL, GOOG) is due with its Q1 results in the after-hours today. Analysts polled by Capital IQ expect the company to post a profit of $1.50 per share on revenue of $78.7 billion.

GOOGL has recorded an earnings-driven after-hours decline in 32 of the last 78 quarters we've tracked, and in 14 of those quarters, or 44% of the time, the stock has headed deeper in the red in the following day's regular session. The stock has reversed direction in 17 quarters, and in one quarter maintained the same decline in the follow-on regular session as the after-hours.

Trade favors reversals following evening gains as well. GOOGL has recorded an earnings-driven after-hours gain in 46 of the last 78 quarters we've recorded. It has reversed direction or narrowed its upside 26 times, or 57% of the time, in the following day's regular session, and widened in 19 events.

Price: 154.63, Change: -4.50, Percent Change: -2.83