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 CIRCOR International (NYSE:CIR) jumped as much as 16% today, after the company reported earnings.

So what: Third quarter revenues were flat year over year, at $209.8 million, coming in just ahead of estimate. But the bottom line was where CIRCOR really blew away investors, reporting earnings of $0.76 per share, well ahead of the $0.57 that analysts expected.

Now what: The company continues to spend money to help improve profitability going forward, and the adjusted numbers show progress in that direction. I'd like to see higher growth before getting too excited about this quarter, but I do like the direction in which margins are headed. Buying on the bounce is a risky proposition today but, if shares pull back in coming days, it would be a good entry point for the long-term investor.

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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 TMFFlushDrawThe Motley Fool has no positions in the stocks mentioned above. 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.