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 wireless-services provider Brightpoint
So what: Revenue soared 57% to $1.23 billion while adjusted profit increased 44% to $0.23 a share. Analysts had been looking for $1.1 billion and $0.20, respectively.
Now what: Interestingly, Brightpoint's 15% earnings beat -- $0.23 versus the consensus estimate of $0.20 -- marks the fourth consecutive quarter of a double-digit trouncing of Wall Street's best guess. Coincidence, or long-term momentum story in the making? You tell me. Weigh in using the comments box below.
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Fool contributorTim Beyers is a member of theMotley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdings andFoolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.
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