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Phelps Dodge (PD) reports earnings before the open tomorrow, with the market expecting earnings of $4.80 per share. Heading into its earnings report, the stock has gone up over seventeen dollars and risen in twelve of the last thirteen trading days.

In the table below, we have highlighted how the stock has reacted during the next full session of trading following prior earnings reports. Following each of the last ten reports, the stock has opened lower versus its prior close for an average decline of 2.27%.

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pd earnings

Source: How To Play Tomorrow's Phelps Dodge Earnings Report