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 hydraulic component maker Sun Hydraulics (Nasdaq: SNHY) is up 10% today after the company released better than expected earnings.

So what: Revenue rose 60% in the first quarter to $50.7 million as capital spending returned to a growth phase for the company. That top line growth flowed through to the bottom line, where earnings per share rose 185% to $0.57, crushing the $0.46 expectation from analysts.

Now what: Outlook for the second quarter of $53 million in revenue and earnings per share between $0.57 and $0.60 also topped expectations so Sun hit the earnings trifecta. Considering the strong expectations this quarter's results don't look like a one-time event. Sun Hydraulics already hit a new 52-week high today and I think these results will help propel the company even higher.

Interested in more info on Sun Hydraulics? 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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