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 gas engine-maker Briggs & Stratton (NYSE:BGG) were cooling off today, falling as much as 13% after missing the mark in its quarterly earnings report.

So what: Briggs & Stratton said that earnings per share came in at just $0.89, below the $1.04 Wall Street expected. Revenue was also down 11.5%, to $637.3 million, and the company lowered its full-year guidance, as well. The engine manufacturer now expects EPS of just $1.16-$1.33, below estimates of $1.37. Management blamed "soft demand across international markets" for the reduced expectations. Weather was also a factor, as CEO Todd Teske said that a cold and wet start to spring delayed outdoor equipment purchases, the end market for B&S engines.

Now what: After starting out the day down 13%, shares battled back to trading just 5% by mid-day, so the market may not be seeing this as a catastrophe.  Shares are reasonably priced after the drop, and it seems like the current headwinds are just temporary. I'd like to see revenue moving in the right direction first, but I wouldn't write off Briggs & Stratton just yet. You can stay up to date on all the information you need on B&S by adding it to your Watchlist here.

Fool contributor Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.