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 TETRA Technologies (NYSE: TTI ) dropped 8% today after the company reported earnings.
So what: First-quarter revenue was up 2.1% from a year ago to $212.9 million, but was well below the $220.9 million consensus estimate. On the bottom line, adjusted loss was $4.1 million, or $0.04 per share, which was $0.09 short of the consensus.
Now what: Weather delayed some U.S. operations in the first quarter, while project and testing delays in the U.S. and Mexico also affected earnings. A lot of these things are out of management's control, but they're concerning for investors. Management kept its guidance for 2014 flat, but continued delays would have a negative impact on shares over the next few quarters.
3 stock picks to ride America's energy bonanza
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a look at three energy companies using a small IRS "loophole" to help line investor pockets. Learn this strategy, and the energy companies taking advantage, in our special report "The IRS Is Daring You To Make This Energy Investment." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.