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 Bazaarvoice (NASDAQ:BV.DL) jumped more than 13% Thursday after the company announced mixed fiscal fourth-quarter results and an agreement to divest its PowerReviews business.

So what: Bazaarvoice's quarterly revenue rose 11% year-over-year to in at $47.1 million -- including sales from PowerReviews -- which translated to an adjusted net loss of $8.4 million, or $0.11 per share. Analysts, on average, were modeling a slightly narrower loss of $0.10 per share on lower sales of $45.45 million.

Investors appear more pleased, though, with Bazaarvoice's agreement to divest PowerReviews for $30 million in cash to Viewpoints subsidiary Wavetable Labs. Remember, in March Bazaarvoice CEO Gene Austin stated several interested buyers for the divestiture, which is the result of a previously announced U.S. court decision that Bazaarvoice violated U.S. antitrust law with its acquisition of the company. 

Now what: Putting aside lost time and litigation costs, Bazaarvoice didn't do too badly considering it paid just $31 million for PowerReviews in June, 2012. However, I'm still not particularly intrigued by Bazaarvoice given its already sluggish top-line growth and lack of profitability. For now, I'm content watching this one from the sidelines.

Steve Symington 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.