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 Fair Isaac (NYSE: FICO), known for its proprietary FICO credit score, were getting rejected by shareholders today, down by as much as 11%, after the company reported earnings.

So what: Revenue for the first quarter was $170.3 million, with earnings per share of $0.81. The results trampled the estimates of $159 million and $0.62 per share, respectively, but for some reason it still wasn't enough for investors.

Now what: Fiscal 2012 should see between $640 million and $645 million in sales and GAAP earnings of $2.45 to $2.55 per share. The company also named a new CEO, effective today -- William Lansing, who was already a board member. His predecessor, Dr. Mark Greene, is retiring but will remain onboard in an advisory capacity until February next year, and remain a director until this year's annual meeting for shareholders.

Interested in more info on Fair Isaac? Add it to your Watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.