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: Shares of CARBO Ceramics
So what: Wall Street had expected CARBO to report $1.02 of first-quarter earnings on revenue of $130 million, but it got $1.30 of GAAP profits on a staggering $151 million revenue haul. That's not just beating estimates but crushing them with authority.
Now what: Demand for CARBO's products is high because you need 'em for exploring "unconventional" oil and natural gas resources. The customer list includes industry titans such as Halliburton
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