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 DigitalGlobe (NYSE:DGI) jumped as much as 15% in early trading after the satellite imaging company reported earnings. Shares settled in with an 8% gain late in the day.

So what: First-quarter revenue was up 23% to $156.5 million, while net loss for common shareholders was $0.6 million, or $0.01 per share. The results topped expectations of a $0.07 per-share loss and gave hope that 2014 could actually be a profitable year. 

Now what:  Margins are expected to improve through the year, with fourth-quarter EBITDA margins hitting 50%. Shares still trade at an incredible 100 times 2015 estimates, so the stock is pricing in a lot of growth. I'm not buying in today, but if growth continues, margins rise, and the stock pulls back it's an interesting market for investors. Of course, that's a lot of "ifs."

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