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How do quarterly earnings report affect stock prices in stock market?

Updated : July 23, 2018 04:27 PM IST

As many as 123 companies listed on Bombay Stock Exchange (BSE) have declared their quarterly results for the April-June period as on Friday.
Smruthi Organics, a micro-cap pharmaceutical company, saw the maximum surge in its share price since the company declared its June quarter results.
Prakash Industries failed to impress its investors, and its stock price plummeted almost 30 percent post results.
How do quarterly earnings report affect stock prices in stock market?
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