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 low-cost wireless service provider MetroPCS
So what: Thanks to higher costs and lower-than-expected subscriber growth, MetroPCS posted second-quarter earnings of just $84.3 million, or $0.23 per share, versus the average analyst estimate of $0.28 per share. The shares have surged over the past year on strong revenue, profit, and new customer growth, so today's miss comes as an extra-big disappointment to Wall Street.
Now what: The weak economy, along with increased competition from the likes of Sprint Nextel
Interested in more info on MetroPCS? Add it to your watchlist.