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 AVX
So what: Revenue fell 6% to $404.8 million while per-share earnings slipped from $0.40 to $0.36 a share. Sales missed analyst expectations, yet Wall Street had been calling for just $0.34 a share in profit.
Now what: Coupled with the dividend -- which now yields more than 2% -- AVX's earnings beat appears to have been more than enough to please investors. With the stock trading for less than the long-term earnings growth analysts expect, I can't say I blame them. Do you agree? Disagree? Please weigh in using the comments box below.
Interested in more information about AVX? Add it to your watchlist.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.