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 Core Laboratories N.V. (NYSE:CLB) dropped as much as 10% today after reporting earnings.

So what: Revenue was up slightly in the quarter to $262.9 million but fell short of the $283.0 million analysts were expecting. Net income increased 7.8% to $61.1 million, or $1.35 per share. On an adjusted basis, earnings of $1.45 per share were a penny short of estimates.  

Now what: Management said that weather resulted in about a 5% negative impact on earnings in the quarter. The concern was that a company priced as a growth stock isn't growing the top line much at all, which is concerning despite increasing margins. I'd take a cautious approach given the stock's high price and would wait for either a lower price or more growth before jumping in.

Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends Core Laboratories. 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.