On 3/31/2020, Company ABC released its quarterly report, showing the sales in the first quarter had tumbled 30% as a pandemic hit. However, the stock price for company ABC went up by 3% right after...

On 3/31/2020, Company ABC released its quarterly report, showing the sales in the first quarter had tumbled 30% as a pandemic hit. However, the stock price for company ABC went
up
by 3% right after the report was released. Does this mean a failure for the Market Efficient Theory?