FORTUNE -- In what is expected to be the biggest business news event of the day, Apple (AAPL) will report its quarterly earnings this afternoon. Here's sequence of events:
According to NASDAQ's MT Newswire,
"AAPL has recorded an earnings-driven after-hours gain in 27 of the 40 quarters tracked in our database. The stock added to its after-hours upside in next-day action 11 times, reversed direction 15 times -- or about 60% of the time -- and once remained even with its after-hours move. On the downside, AAPL has recorded 13 earnings-driven after-hours declines -- adding to its negative trade seven times in next-day action, and reversing direction six times."
So what makes the stock jump one or the other? Based on the 10 years of results posted on MT Newswire, the message always seems to be the same: It's a game of expectations.
Here, for example, are the last 8 quarters:
LINK: For all 40 quarters, go here: Apple Historically Rewards Shorts off Earnings-Driven After-Hours Trade.
Some strange doings in Apple's share price while the markets were asleep.
FORTUNE -- Can anybody explain what happened to Apple (AAPL) between the close of trading Friday and Monday's opening bell?
I can almost wrap my mind around the 4.55 million shares traded at exactly 4:00 p.m. Friday and the temporary $3.08 drop one clock tick later. A bunch of Apple weekly options had just expired, and the market had a ton of MOREPhilip Elmer-DeWitt - Apr 29, 2013 12:10 PM ET
|5 people you might not tip (but should)|
|General Mills reverses course on right to sue after backlash|
|Stocks: It's report card time on Wall Street|
|Pope Francis challenges the free market - The Buzz|
|Americans have fallen in love with real estate once again|