How did IMPPP's Q1 2024 earnings surprise impact short-term trading strategies?

The positive impact of IMPPP's Q1 2024 earnings surprise on short-term trading strategies can be inferred from the broader market behavior following earnings beats. Historically, earnings beat expectations have led to positive market movements, with the maximum return observed being 2.94% over 76 days following the earnings release date. This suggests that well-timed trades on earnings beats can be profitable, but the returns are generally modest.