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 Titan International (NYSE:TWI) rose 15% today after the company reported earnings.
So what: Sales only rose 1% to $404.7 million but it did set a record in the quarter. Income from operations fell to $36.2 million from $41.4 million a year ago, but adjusted earnings per share of $0.49 beat estimates by three cents.
Now what: The company is also closing on an acquisition of Titan Europe, which will expand the company's footprint. I'm not excited about the slow growth or the direction of income but the stock isn't highly priced so the expectations going forward aren't all that high. I don't think today is a buying opportunity but if the stock falls back to earth investors may be able to get in at an attractive price.
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Fool contributor Travis Hoium has no positions in the stocks mentioned above. 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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