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 Innospec (Nasdaq: IOSP) jumped 12% today after the company released earnings.

So what: Sales were up 8% to $177.3 million in the quarter as its fuel specialties and active chemicals businesses delivered strong results. GAAP earnings per share took a dramatic jump higher, to $0.98 from a loss of $0.01 per share last year.

Now what: It's hard to compare these results against expectations because there aren't any, with only one analyst even following the company. That said, the results were encouraging considering that bad weather in December didn't help results. If results continue on this kind of pace, Innospec looks downright cheap right now.

Interested in more info on Innospec? Add it to your watchlist.

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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