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 physician group practitioner IPC The Hospitalist
So what: Revenue increased 28% to $111.7 million while net profit improved 20% to $6.5 million, or $0.39 a share. Analysts were expecting $0.43 a share.
Now what: The magnitude of the selloff probably has more to do with history than the miss itself. According to Earnings.com, IPC hasn't come in below estimates in any quarter in at least three years. Is it the end of an era, or just a temporary hiccup? 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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