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 services company Sapient
So what: As far as I can tell, there wasn't much to be upset about in Sapient's numbers. Total revenue was up 33% from last year and GAAP net income soared 141%. Both sales and earnings per share (GAAP and non-GAAP) were above analysts' estimates. The company also forecast fourth-quarter revenue above what Wall Street had in its books and projected better margins. Watching Sapient's shares fall after all that is a bit disorienting -- sort of like watching a mouse chase a cat.
Now what: Sapient, which competes with the likes of Accenture
Interested in more info on Sapient? Add it to your watchlist by clicking here.
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