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 supply chain service provider UTi Worldwide
So what: Revenues rose 5.5% to $1.26 billion, and net income was $28.5 billion, or $0.28 per share. Earnings were in line with estimates, but analysts were expecting revenue of $1.32 billion, and the market reacted by selling off shares.
Now what: More important than the $1.26 billion in total revenue, net revenue grew 9.2% to $443.4 million in the quarter, an impressive number to this Fool. Since each of the company's segments helped contribute to growing revenue and profit, I think the market has overreacted today. The bottom line is still strong, and net revenue growth was solid for UTi Worldwide.
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