Read Larry Connors' blog – Short Term Trading Strategies
Black Box (BBOX | Quote | Chart | News | PowerRating) is slated to report its Q4 results after the bell, and analysts polled by Thomson Financial are expecting the company to report a profit of $0.77 per share on revenue of $241.9 million.
BBOX is one to watch in the extended-hours period as the stock has shown a tendency to widen its after-hours move the next day following an evening earnings event. It has widened its move five times and narrowed twice in the quarters we've tracked.
On Jan. 29. 2008, the stock gained 7.7% during evening trading after an earnings beat. The gain swelled to 14.2% the next day.
On Oct. 30, 2007, the stock fell 4.8% during evening trading after BBOX reported shy of the Street view with its Q2 results. The loss widened to 9.5% the next day.
On Aug 14, 2007, BBOX fell 3.2% in after hours when the company met Q1 EPS estimates and topped on sales. The company also said its distribution agreement with Avaya would be terminated. Shares, bounced back slightly the next day, ending the regular session down 2.7%.
On June 28, 2007, BBOX rose 6% as Q4 EPS beat though revenue shy and company reaffirms guidance that's about in line. The gain was a fatter 13.9% the next day.
On Feb. 12, 2007, BBOX rose 5.9% in night trade after beating Q3 EPS estimates, meeting on sales and predicting FY08 EPS to top Street views. Shares, though, gave back some of those gains the next day to end the regular session up 2.8%.
Brooks McFeely is widely regarded as the leading expert on extended-hours trading. He is a Managing Partner for Brochet Capital Partners, LP and the founder of Midnight Trader, Inc. (www.midnighttrader.com), the leading provider of pre-market and after-hours trading analysis and news to retail and institutional investors.
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
