Glossary · Earnings

BMO and AMC: Reading Earnings Release Times on a Calendar

BMO and AMC tell you when the numbers land. That decides which open, or which evening, your position has to live through.

AI-assisted, reviewed by James T. → 4 min read Published

Definition

BMO and AMC Calendar codes for when a company releases earnings: BMO means before the regular session opens, AMC means after it closes.

Also called Before market open, After market close, Pre-market report, After-hours report.

Tuesday, AMC. That short entry on an earnings calendar means the company publishes its quarter after Tuesday’s close, and the first full session that can trade on the news is Wednesday morning. If you hold the stock into Tuesday’s close, you’re holding it through the report.

Which session reacts to each label

The regular US session runs from 9:30 a.m. to 4:00 p.m. Eastern. A BMO release comes out before that window, so the reaction shows up in pre-market trading and then in the opening print of the same day. AMC is the reverse. The release comes out after the bell, the first reaction happens in after-hours trading that evening on thin volume, and the bigger test comes at the next morning’s open, when the full crowd of buyers and sellers is back and the overnight price either holds or gets marked somewhere new.

Some calendars add a third or fourth code. “During market” means the release lands inside regular hours, which is uncommon for US companies and can move the stock in the middle of the day. “Time not supplied,” or a blank field, means the calendar doesn’t know. Until you’ve confirmed it, treat a blank as a risk to both the evening and the next morning.

Why the label matters if you hold overnight

Stops don’t cover gaps. If a stock closes at one price and opens far lower after an AMC report, a sell stop generally triggers at the open and fills at whatever price the market offers in those first seconds, which can land well beyond the level typed on the order ticket and turn a planned small loss into a large one. Whether a stop can trigger in extended hours at all depends on your broker and the order type. Ask before you count on it.

An AMC report on Tuesday is a Wednesday-open risk, and your sizing has to assume the open can land anywhere, including below your stop by more than the distance you planned to lose, which is why some traders size down or sell before the close on report day (see planning every swing trade around earnings).

The release, the call and the guidance

The numbers usually go out first, as a press release on a newswire and on the company’s investor relations site. A conference call often follows, sometimes within the hour, sometimes the next morning for a late release. Guidance can show up in either place. Some companies print their outlook in the release table; others save it for management’s prepared remarks on the call, which is why a stock can trade one way after the release and turn when the call starts.

An AMC name can move twice after hours. First on the headline figures, then on what management says about the next quarter. For BMO reports the call often runs close to the open, so the first minutes of regular trading may still be digesting it. See what earnings guidance tells you.

What people get wrong

  • Reading AMC as “after the market closes on the listed date” and then looking at the wrong day’s open. The reaction day is the next session.
  • Assuming a BMO report is safer. It still gaps the open, just on the same day.
  • Trusting a calendar’s time when the date itself is estimated. An estimated date carries an estimated time with it, and both can move.
  • Forgetting that an after-hours price is thin. A quote at 5:00 p.m. can look dramatic on light volume and land somewhere else by the next open.
  • Ignoring the call. A release can read well at first, then the outlook on the call reverses the move.

How it looks on a real calendar

Most earnings calendars show the code in a narrow column next to the date, sometimes as an icon (a sun for morning, a moon for evening) with the abbreviation in a tooltip. Many also flag the date as confirmed or estimated. Read the two together. A confirmed date with AMC is something you can plan around; an estimated date with no time is a window, and an unconfirmed date is best treated as a range. The full layout is covered in how to read an earnings calendar.

Pre-market and after-hours trading are the extended sessions where the first reaction happens. An earnings surprise measures how far the reported figure landed from the estimate. The expected move, priced from options, gives a rough size for the gap the label warns you about.

Readers also ask

What time do BMO earnings come out?

There is no set minute. A BMO release lands at some point before the 9:30 a.m. Eastern open, and each company picks its own slot, often keeping the same one from quarter to quarter. The exact time is usually posted on the company's investor relations page along with the call time.

Does a stop loss protect you if a stock gaps after an AMC report?

Only partly. A sell stop that triggers at the open becomes a market order and fills at the first available price, which can be far below the stop after a bad report. Some brokers let stops trigger in extended hours and some do not, so check your broker's rules before holding through an evening release.

Can you trade right after an AMC earnings release?

Usually, if your broker offers after-hours trading and you use an order type it accepts there, which is often a limit order. Volume after the close is light and spreads can be wide, so the first prints after a release can differ sharply from the next morning's opening price.