Quarterly Earning Reports refer to the financial statements released by companies traded on the stock exchange four times a year. All companies are required by law to release quarterly their financial statements, including revenue and earnings per share.
Why is it important to the currency?
Quarterly earning reports have a limited impact on the currency.
Why is it important to the Stocks?
If the Quarterly Earning Reports confirm that the company is earning higher than expected revenue and earnings per share, the stock will likely be supported by investor demand. The stock may be pressured if the Quarterly Earning Reports indicate lower-than-expected figures.
Quarterly Earning Reports can significantly influence both individual stocks and indices.