As investors await Apple’s (AAPL) fiscal fourth-quarter results, here is a look at how the tech behemoth’s shares have performed the day after the last 20 earnings reports.

  • Apple shares rose 5.1% the day after the last earnings release on July 23.  They had fallen after each of the previous four earnings reports.
  • Following the last 20 earnings releases Apple shares have risen 13 times on the next day and fallen 7 times.
  • Over the last 20 quarters the average post-earnings move for AAPL is a gain of 1.6%.
  • The largest next-day loss was 12.4% on January 24, 2013, which was the steepest 1-day drop since the financial crisis.
  • The largest next-day gain was 8.9% on April 25, 2012.

AAPL Shares Reaction

To Past Earnings Reports

Earnings

Period

Next Day Next-Day
%Chg
Q3 '13 24 Jul '13

5.1

Q2 '13 24 Apr '13

-0.2

Q1 '13 24 Jan '13

-12.4

Q4 '12 26 Oct '12

-0.9

Q3 '12 25 Jul '12

-4.3

Q2 '12 25 Apr '12

8.9

Q1 '12 25 Jan '12

6.2

Q4 '11 19 Oct '11

-5.6

Q3 '11 20 Jul '11

2.7

Q2 '11 21 Apr '11

2.4

Q1 '11 19 Jan '11

-0.5

Q4 '10 19 Oct '10

-2.7

Q3 '10 21 Jul '10

0.9

Q2 '10 21 Apr '10

6.0

Q1 '10 26 Jan '10

1.4

Q4 '09 20 Oct '09

4.7

Q3 '09 22 Jul '09

3.5

Q2 '09 23 Apr '09

3.2

Q1 '09 22 Jan '09

6.7

Q4 '08 22 Oct '08

5.9