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 U.S. Silica Holdings (NYSE: SLCA) rose over 10% in early trading and again late in trading after the company reported earnings.

So what: This was a bit of a mixed earnings report with the company reporting revenue growth of 41.2% to $104.6 million and earnings per share of $0.36. Both of those results were slightly better than expected, but revenue guidance was just below expectations.

Now what: For now, investors appear to be looking past the revenue guidance to the second-quarter results. The company did say that adjusted EBITDA would be $142 million-$150 million, the same as its previous guidance, so the bottom line may not be affected by lower revenue. Right now expectations are pretty low because the stock trades at just five times forward earnings. As long as the company can live up to those lower expectations I think shares can move slightly higher.

Interested in more info on U.S. Silica Holdings? 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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