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 utility and industrial equipment manufacturer ESCO Technologies
So what: The first quarter was a big bounce for ESCO. After growth slowed to a halt in fiscal years 2009 and 2010, it reappeared with a vengeance this quarter as revenue jumped 42% from the first quarter of 2010 and earnings per share increased from $0.02 to $0.40. Both revenue and earnings for the quarter trounced the expectations of Wall Street analysts.
Now what: The company maintained its outlook for 2011, noting that sales to PG&E
Want to keep up to date on ESCO? Add it to your watchlist.