Brightpoint Shares Popped: What You Need to Know

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 wireless-services provider Brightpoint (NAS: CELL) soared as much as 17% in early trading and ended the session up close to 14% after crushing second-quarter estimates.

So what: Revenue soared 57% to $1.23 billion while adjusted profit increased 44% to $0.23 a share. Analysts had been looking for $1.1 billion and $0.20, respectively.

Now what: Interestingly, Brightpoint's 15% earnings beat -- $0.23 versus the consensus estimate of $0.20 -- marks the fourth consecutive quarter of a double-digit trouncing of Wall Street's best guess. Coincidence, or long-term momentum story in the making? You tell me. Weigh in using the comments box below.

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At the time thisarticle was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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