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: Innophos Holdings (Nasdaq: IPHS) shares fell 14% today after the company reported weaker-than-expected earnings.

So what: Innophos reported a net loss of $2.1 million, or $0.10 per share, after taking $18.8 million in charges during the quarter. Revenue did increase 4% to $169 million as the company saw a 13% increase in volume during the quarter.

Now what: A price increase scheduled for the fourth quarter should help Innophos' profitability going forward, given strong demand for its products. Today's drop gives a nice discount to investors looking to buy shares in this specialty phosphates producer. The long-term story is still intact, and this quarter could have been better if not for weather-related shipping delays in Mexico at the end of the quarter.

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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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