Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Amdocs Limited
So What: Revenue was up 7.7% to $762.2 million and adjusted earnings per share were $0.62, versus an estimate of $0.59. Despite the positive earnings surprise, shares fell because the company gave a weaker than expected outlook for the first quarter of fiscal 2011.
Now What: Clearwire Corp.
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