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 Inergy
So what: Revenue jumped 48% to $448.6 million, easily passing the $391.5 million analysts had expected. But the company lost $50.2 million, or $0.42 per share, and analysts had expected only a $0.22 loss in the quarter.
Now what: In the next fiscal year, management is expecting between $101 million and $119 million in earnings, so operations should turn around. The fiscal fourth quarter usually results in a loss, but such a big earnings miss is always concerning for a company. I wouldn't use this discount as a buying opportunity and will wait for better earnings results to jump into shares.
Interested in more info on Inergy? Add it to your watchlist.
Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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