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Amazon.com Holds History of Adding to Earnings-Driven After-Hours Declines in Follow-On Regular Session
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Amazon.com Holds History of Adding to Earnings-Driven After-Hours Declines in Follow-On Regular Session
Apr 30, 2024 3:07 AM

05:57 AM EDT, 04/30/2024 (MT Newswires) -- Amazon.com ( AMZN ) offers traders a modest history of next-day outperformance following earnings-driven after-hours declines.

AMZN has compiled wider next-day closing levels in the regular session following 43 of its last 81 after-hours earnings events - or 53% of the time.

Looking deeper into AMZN's data, it has seen an earnings-driven after-hours decline in 46 of the 81 quarters we've tracked. In 26 of those 46 quarters (57%), the stock has added to its after-hours declines in the following regular session.

It has recorded an earnings-driven after-hours gain in 35 of the 81 quarters we've tracked, and in 17 of those 35 events (49%), the stock has added to its evening gain in the following day's regular session.

AMZN is due with its Q1 results in the after-hours today, and is expected to report a profit of $0.83 per share on revenue of $142.5 billion, according to Capital IQ.

Price: 182.26, Change: +1.30, Percent Change: +0.72

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