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 heavy-construction firm Granite Construction
So what: Third-quarter revenue fell short of analyst targets, but $0.93 of earnings per share totally crushed the $0.70 consensus estimate. Demand for Granite's array of construction materials was weak but plenty of large construction projects rolled along very smoothly.
Now what: The order backlog is getting fat, and so are gross margins. Infrastructure projects are a whole different animal than consumer housing, which explains how Granite, Fluor
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Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.