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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 fashionista retailer True Religion (Nasdaq: TRLG ) soared as much as 16% on a down day for the market after reporting second-quarter results that blew away estimates.
So what: Revenue rose 20% to $98.3 million while profit soared 30% to $0.38 a share. Analysts had been looking for $91.5 million and $0.34 a share, respectively, marking the second consecutive quarter in which True Religion has made Wall Street look silly.
Now what: Foolish colleague Sean Williams sees the report as confirming of a sustainable edge for the denim diva. "Is True Religion a bargain relative to its peers? I think the answer is still yes, even with [the stock] nearing its all-time high," he wrote earlier today. Do you agree? Disagree? Let us know what you think about True Religion using the comments box below.
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