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: Rosetta Resources
So what: Revenue rose 24% to $80.3 million and earnings per share increased from $0.11 last year to $0.17. Both results narrowly beat Wall Street's expectations.
Now what: Rosetta also lowered the upper end of production guidance, which now sits at 135 million to 140 million cubic feet equivalent per day. The company's earnings bright spot and move away from natural gas to liquids, now 30% of production, is encouraging, but this Fool isn't pumped enough to buy today's bump. I'll wait for a pullback before getting excited about Rosetta's shares.
Interested in more info on Rosetta Resources? Add it to your watchlist by clicking here.
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 Motley Fool CAPS picks at TMFFlushDraw.
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