What happened Shares of Pool Corporation (NASDAQ: POOL) fell as much as 10.4% in trading Thursday after the company reported second-quarter earnings. At 2:05 p.m. EDT, shares were still down 8.3% for the day. So what Net sales rose 8% to $988.2 million, and base business sales growth was 7%. Operating income also rose 8% to $154.2 million, while net income was up 11.1% to $94.9 million, or $2.21 per share. The bottom-line results fell 3 cents short of analyst estimates, but top-line sales easily surpassed the $982.7 million analysts were expecting. Image source: Getty Images. Management also affirmed a full-year earnings guidance range of $4.12 to $4.32 per share. Now what Results at the distributor of swimming pool supplies may have fallen slightly below expectations, but there wasn't really anything alarming about the quarter. And management's affirmation that full-year targets would be hit should give investors confidence in operations going forward. My one reservation is that shares are still trading at 25 times earnings. That's a high multiple for a company growing in the single digits, and will keep me from buying the discount today. 10 stocks we like better than PoolWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Pool wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of July 6, 2017Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.