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 equipment maker Thermon Group (THR +0.00%) dropped as much as 11% today, after releasing earnings.

So what: Revenue was up 11.1% from a year ago, to $76.8 million, but that fell short of the $78.1 million analysts expected. Net income was up 12%, to $7.7 million, or $0.24 per share, but also fell well short of the $0.29 in EPS the market expected.  

Now what: The double earnings miss is never a good sign for a stock, and Thermon is no different today. The good news is, the company reported record revenue and profits during the quarter, and is growing at a steady rate. The results weren't as strong as Wall Street may have expected, but I think the company is continuing to improve, and long term, the stock will reflect that operational improvement.

Interested in more info on Thermon Group? Add it to your watchlist by clicking here.