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 Sykes Enterprises (NASDAQ:SYKE) initially jumped more than 27% during intraday trading Tuesday after the customer contact management specialist reported better-than-expected third-quarter earnings.

So what: Quarterly revenue rose 14.8% year over year to $322.1 million, which translated to 25.4% growth in adjusted earnings to $0.39 per share. By contrast, analysts were only expecting adjusted earnings of $0.28 per share on $307.54 million in sales.

In addition, Sykes raised its fourth-quarter guidance for revenue in the range of $330 million to $335 million, with adjusted earnings per share in the range of $0.39 to $0.43. For reference, analysts were modeling higher adjusted Q4 earnings of $0.50 per share, on lower sales of just $322.25 million.

Now what: Investors didn't seem to mind the weaker fourth-quarter earnings guidance, particularly as management explained Sykes' higher-than-expected demand would require incremental investments in ramp costs in Q4 on top of the carryover in ramp costs from the third quarter.

All things considered, it was definitely a solid quarter for Sykes. If the company can keep up its momentum and with shares currently trading at just 13.7 times next year's estimated earnings, I think long-term investors could still stand to be rewarded even after today's pop.

Fool contributor Steve Symington has no position in any stocks mentioned, and neither does The Motley Fool. 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.