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 health care software provider Greenway Medical Technologies (NYSE: GWAY) fell as much as 12% earlier in the trading session following the release of its fourth-quarter earnings results last night.

So what: For the quarter, Greenway continued to demonstrate moderate growth trends as the health care sector transitions to a software-based records platform. Revenue jumped 24% year over year to $36.4 million with net income of $0.07. Although there are few analysts covering the company, sales surpassed estimates by a clean $2 million, but profits were $0.02 shy of expectations. Furthermore, the company's fiscal 2013 forecast of $149 million-$156 million and EPS of $0.27-$0.31 failed to impress. The sales figures are smack dab in the middle of Wall Street's expectations, but analysts had been looking for EPS of $0.33.

Now what: Greenway, and much of the health-care sector, is really just in its infancy in terms of utilizing and optimizing software with regards to record keeping and data storage. The company likely has a bright future, and just last week signed a health records deal with Walgreen (NYSE: WAG), but at more than 50 times forward earnings (based on the midpoint of Greenway's fiscal 2013 guidance), I have no desire to be anywhere near the stock until its earnings power more accurately represents its valuation.

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