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 industrial equipment maker LSB Industries (NYSE:LXU) fell as much as 13% today after reporting earnings.

So what: Sales increased 3.2% to $182.4 million and net income increased slightly to $6.7 million, or $0.28 per share. The problem is that analysts had expected a jump in earnings to $0.61 per share, so investors were very disappointed by today's report.  

Now what: Production challenges were a big dent on the quarter, but going forward the company expects to be in a more normal state of production. If that's the case, today would be a good opportunity to buy the stock on a dip. Shares trade at only 12 times trailing earnings, and there's upside considering this quarter's miss.

Interested in more info on LSB Industries? Add it to your watchlist by clicking here.


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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