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What implication could a series of earnings reports indicating steadily rising revenues and narrowing losses have for a growth-oriented company's future stock price, assuming rational

What implication could a series of earnings reports indicating steadily rising revenues and narrowing losses have for a growth-oriented company's future stock price, assuming rational market behavior? The stock price should increase, reflecting the positive trajectory and potential future profitability. The stock price should decrease, as the company is still reporting losses. The stock price should stay the same, as earnings reports do not affect stock prices

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