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Look for General Electric (GE | Quote | Chart | News | PowerRating) to see increased extended-hours and regular session liquidity interest this week as traders look forward to the company's Q3 results due in the pre-market on Friday, Oct. 10. Analysts polled by Thomson Financial expect the company to report a profit of $0.45 per share on revenue of $47.7 billion.
GE is mixed in its near-term trend between the sessions, cutting back its pre-market earnings-driven percentage performance in the following regular session in two of the last four quarters and widening in the other two events. Longer term, it has narrowed eight times, widened six times and stayed flat once in the past four years.
Looking deeper into the performance data, GE is one for shorts to watch and longs to approach with wariness. GE has seen an earnings-driven pre-market decline in 9 of the 15 quarters we've tracked. The issue has followed five of those downside moves with more aggressive declines in the ensuing regular session.
GE has recorded an earnings-driven pre-market gain in six of the 15 quarters we've tracked. The stock has only added to its upside once in the following regular session; narrowing its pre-bell upside move four times; and recording one event where its pre-market gain was even with the following regular session rise.
On July 11, 2008, GE declined 0.5% in pre-market trade after meeting earnings expectations, beating on revenue, and backing its fiscal year view. The stock turned positive in the following regular session, eking just higher, up 0.07% by the closing bell.
On April 11, 2008, GE tumbled 11.5% in pre-market trade after missing Q1 expectations and setting its guidance below Street estimates. It added to its downside in the following regular session, losing 12.8% by the closing bell.
On Jan. 18, 2008, GE advanced 2.3% in pre-market trade after meeting Q4 expectations and maintaining its 2008 guidance largely in line with the Street view. The stock added to its upside in the following regular session, gaining 3.3% by the closing bell.
On Oct. 12, 2007, GE lost 1.5% in pre-market trade after the company met Q3 earnings expectations, beat on sales and guided for its Q4 and full year earnings in line with the Street view. The stock saw its declines reverse slightly during the regular session, closing out that day's trade down 1.3%.
On July 13, 2007, GE advanced 1.6% in pre-market trade after the company beat by a penny on earnings and set forward guidance in line with expectations. It narrowed its upside in that day's regular session, rising 1.2%.
On April 13, 2007, GE gained 1.1% in pre-market activity after reporting quarterly results that matched estimates and setting its outlook in a range that straddled the Street view. The stock saw its upside cut back between the regular session bells as GE ended the day with a 0.5% gain.
On January 19, 2007, GE fell 2% in the pre-market session despite meeting Q4 EPS estimates and topping on sales. It also guided in line with expectations. Shares dipped a bit further in the regular session, ending down 2.7%.
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