Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
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 airline company Copa Holdings (NYSE: CPA ) dropped 12% today, after the company reported earnings.
So what: Revenue jumped 17.7% in the fourth quarter, to $599.8 million, and net income fell 17%, to $86.6 million, or $1.95 per share. On an adjusted basis, earnings were $2.01 per share, which was short of the $2.23 analysts expected.
Now what: The company's yield is down significantly from a year ago, and that offset the nice rise in revenue. Still, shares are only trading at nine times next year's earnings estimates and, with revenue still growing, the company has a lot of potential. I think this drop is a bit overdone given the company's growth, and think the stock will pop back in coming quarters.
Interested in more info on Copa Holdings? Add it to your watchlist by clicking here.