MidnightTrader Earnings Play: JDS Uniphase

JDS Uniphase (JDSU | Quote | Chart | News | PowerRating) is due to report its Q4 results after the bell tonight, and analysts polled by Thomson Financial are expecting the company to have revenue of $395.8 million and a profit of $0.10 per share.

JDSU is one to watch for potential next-day wider movement as the stock has seen more aggressive next-day action following 15 of its last 18 after-hours earnings events. The near-term performance favors widening, as the issue has expanded its after-hours move in next-day regular session trade in three of the last four quarters.

On April 30, 2008, the stock lost 9.8% in evening trading after reporting a Q3 revenue miss and guiding below the Street for Q4. The loss fattened to 16.1% by the closing bell the next day.

On Feb. 5, 2008, the stock jumped 19.6% as JDSU beat with Q2 results. The gain expanded the next day, to 26%.

On Oct. 31, 2007, the stock fell 1.7% in evening trading despite a beat with the latest results; revenue guidance straddled the Street mean. The loss widened to 3.9% the next day.

On Aug 22, 2007, JDSU gained 3% in night trade after beating Q4 estimates and guiding for Q1 to be in line to above expectations. Shares, though, reversed course and closed the next day session down 5%.

On May 2, 2007, the stock fell 9.8% after the company beat with sales but guided below the Street. The loss was a deeper 13.8% the next day.

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