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Booking Holdings Historically Adds to Post-Market Earnings Moves in Following Regular Session
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Booking Holdings Historically Adds to Post-Market Earnings Moves in Following Regular Session
May 2, 2024 3:38 AM

06:02 AM EDT, 05/02/2024 (MT Newswires) -- Booking Holdings ( BKNG ) is due with its Q1 results in the after-hours today, and analysts polled by Capital IQ expect the company to report a profit of $14.14 per share on revenue of $4.3 billion.

BKNG demonstrates a tendency to widen its next-day share movement following an extended-hours earnings release, doing so for 45 of the past 81 quarters, or 56% of the time.

Looking deeper into the performance data, longs should be aware that BKNG has seen a positive extended-hours earnings-driven trade in 47 of the 81 quarters we've tracked, and in 26 of those upside extended-hours moves the stock has followed that trade with a more aggressive positive run in the next day's regular session, or 55% of the time.

Shorts too may see some more aggressive next-day trade. The stock has recorded downside extended-hours trade following 34 of the quarters we've tracked. It widened that extended-hours downside move in the following regular session in 18 of those events, or 53% of the time.

Price: 3,418.97, Change: +3.33, Percent Change: +0.10

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