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 equipment maker Terex
So what: Net sales grew 35% to $2.01 billion, just short of estimates from analysts. Earnings per share jumped from a penny last year to $0.75 this year, blowing away the $0.50 expectation from analysts.
Now what: Revenue this quarter and full-year revenue guidance were below estimates, but the company more than made up for it in earnings per share. Terex forecast full-year earnings per share of $1.95 to $2.05, well above the $1.76 analysts expected. With shares trading at only nine times the bottom end of guidance, I think there's room to run and the stock is still worth buying -- even after the today's bounce.
Interested in more info on Terex? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a 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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