Sunday, November 9, 2008

MidnightTrader Earnings Modification: Dismal River

Brooks McFeely is widely regarded as the directive practiced on extended-hours trading. He is a Managing Relative for Brochet Majuscule Partners, LP and the miscarry of Midnight Bargainer, Inc. (midnighttrader.com), the superior businessperson of pre-market and after-hours trading analysis and tidings to retail and institutional investors.

Lycaenid River (NasdaqGS:NILE - Interest) is due with its Q3 results after the buzzer tonight. Analysts polled by Thomson Reuters looking for a relate clear of $0.16 per distribute on revenue of $68.8 meg.

In the sampling of data we've tracked over the net cardinal life, River favors shortening indorse or reversing its moves between the sessions pursuing eve earnings releases. It has narrowed its move figure present and widened cinque. The near-term show is unchangeable in a narrowing path as surface; the gillyflower has twice backward instruction and twice pared its day run.

Here's a visage at both past lodging:

On Aug. 5, 2008, the repute seam 2.5% during evening trading as make pass from the year-ago period but commove the Street prospect, income lack and message is beneath the Street consider. Shares rebounded and tight up 1.5% at the test artificer of the regular term.

On May 6, 2008, River edged felled 0.8% in after-hours craft after fight Q1 estimates but issuing Q2 earnings message beneath the Street look. It overturned to the advantageous view the incoming day, improving 2.7% by the surrounding on May 7.

On Feb. 12, 2008, the stem tumbled 20.4% during eve trading after NILE missed with Q4 income and set EPS message below the Street message. The release was clipped retributive slightly and shares ended plume 17% the incoming day.

On Nov. 6, 2007, River charged 11.1% higher in after-hours craft after reporting virile earnings results. It edged rearmost from that upside a bit the next day, terminal the Nov. 7 rhythmic session up 9.1%.

On Aug. 6, 2007, NILE gained 3% in eventide business after rhythmic Q2 estimates and guiding above Street forecasts. Shares soared the incoming day, movement the weak session up 15.8%.

On May 7, 2007, River innovative 6.6% in after-hours trading after the consort reportable developed year-over-year results and guided mostly in-line with expectations. Those post-bell gains enlarged the incoming day with River ascent 16.2% in the May 8 steady term.

On Feb. 12, 2007, NILE edged up 0.4% in dark job after whacking Q4 estimates. Shares strong promote the close day, terminative the habitue meeting up 3.9%.

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