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 laser technology expert Newport
So what: First-quarter EPS of $0.53 absolutely crushed the $0.28 consensus, and Newport also beat expectation on the revenue line. Huge sales in the Microelectronics division means that Newport benefits from recent spikes in capital investments by semiconductor manufacturers.
Now what: As long as everyone from Intel
He can wear that laurel as long as Newport keeps executing at this high level. Just keep in mind that the good times won't roll forever; I hope Mr. Phillippy knows how to roll up his sleeves when the going gets tough, too.
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