The Rising Influence of Rising Affluence

[DewDiligence]

Although CLB rarely if ever has a genuinely bad quarter, the expectations are sufficiently high that the stock often sells off slightly after reporting quarterly results. Below is what has happened on the day of the earnings report for the past six quarters:

 
 Date of    Prior   1-Day 
 Earnings   Close   Change 
 04/19/12  $133.81  -2.5% 
 02/02/12   106.85  +8.1% 
 10/20/11   102.67  -5.8% 
 07/21/11   113.71  -4.4% 
 04/20/11    97.27  -1.1% 
 02/09/11    91.30  +4.6%

FWIW