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 human resources solutions company TriNet Group Inc (TNET 0.04%) jumped as much as 12.6% today after reporting earnings.

So what: Revenue was up 45% in the first quarter to $508.9 million and net income dropped from $10.5 million a year ago to $1.5 million. On an adjusted basis, net income was $17.6 million, or $0.24 per share, slightly lower than a year ago.  

Now what: After TriNet's IPO, expectations had been set realistically by investors, and the top-line growth should drive its way to the bottom line when costs related to going public work their way out of the company. All operating metrics were higher according to management, and that bodes well for the future. I just think a $1.6 billion market cap is high for the company, and I'd wait for it to get a few more quarters under its belt before buying in.