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 Exterran Holdings
So what: Exterran, which is in the oil and natural gas services industry, reported a loss of $0.29 per share on revenue of $625.6 million. In last year's third quarter, the business recorded a gain of $0.30 per share. Net loss from continuing operations was $0.25 per share, which was actually a tad better than expectations.
Now what: The drop in share price today is even more dramatic considering the oil and gas equipment and services industry is up 4% as I write this -- led by stalwarts like Weatherford International
Interested in more info on Exterran Holdings? Add it to your watchlist by clicking here.