MidnightTrader Earnings Play: Coldwater Creek

Coldwater Creek (CWTR | Quote | Chart | News | PowerRating) is due with its Q2 results after the bell tonight, and analysts polled by Thomson Reuters are expecting the company to report a slim profit of $0.01 per share on revenue of $242.5 million.

CWTR is one to watch in the post-bell session for its consistent behavior. The stock has held firm to a widening pattern in its earnings performance between the sessions, posting 12 wider next-day moves after the last 16 evening earnings releases. Near-term, the stock is firm in a widening pattern, with more aggressive next-day trade in three of the last four quarters.

On May 28, 2008, the stock gained 4.3% during evening trading after beating with Q1 results and guiding in line to higher for Q2. The gain expanded to 6.7% the next day.

On March 5, 2008, the stock fell 15.6% during evening trading after CWTR reported a Q4 loss that meets and misses with sales. The stock declined a sharper 19.8% the next day.

On Nov. 28, 2007, the stock gained 0.9% during evening trading after reporting a smaller-than-expected loss on higher sales. The gain was trimmed to 0.2% the next day.

On Aug. 29, 2007, CWTR slid 13.1% in after hours when the company missed Q2 results. Shares tumbled even further the next day to end the regular session down a steep 25.9%.

On May 29, 2007, CWTR jumped 12.1% in night trade after blowing past Q1 expectations. Shares rallied further the next day, ending the regular session up 16.6%.

On March 7, 2007, the stock gained 2.6% in the evening hours after reporting earnings flat with a year earlier but revenue up. The stock gained 3.5% the next day.

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