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: Rogers Corp. (NYSE: ROG) popped 11% in intraday trading today after reporting better-than-expected earnings.

So what: First-quarter EPS of $0.57 rose 33% from the year-ago quarter and beat the consensus estimate of $0.52. If not for one-time acquisition-related costs, EPS would have been $0.06 higher.

Now what: A first-quarter price increase to offset rising material costs likely pulled sales forward and adds uncertainty to the outlook. That said, the company is bullish enough to continue investing in expansion. Management expects second-quarter revenue of $134 million to $140 million and EPS of $0.62 to $0.71, better than the consensus forecast of $131 million and $0.63.

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