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 Chinese Internet firm (Nasdaq: SOHU) jumped 10% today after the company released a positive earnings surprise.

So what: Revenue in the first quarter was $174.4 million, up 35% from last year and higher than the $168.8 million analysts had expected. Net income increased 41% to $1.01 per share, beating estimates of $0.96 per share.

Now what: Search and online gaming led the way with record revenue, and management expects outstanding results in future quarters. The company forecasts second-quarter revenue to be between $188 million and $193 million, easily outpacing the $183.4 million Wall Street expected. I expect the considerable operating momentum that has after this quarter should help push this Motley Fool Rule Breakers pick higher long-term.

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