Corinthian Colleges (Nasdaq: COCO) reported earnings today. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Corinthian Colleges met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share expanded.

Gross margins dropped, operating margins shrank, net margins improved.

Revenue details
Corinthian Colleges logged revenue of $415.5 million. The nine analysts polled by S&P Capital IQ looked for sales of $415.3 million. Sales were 14% lower than the prior-year quarter's $482.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.04. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.01 per share on the same basis. GAAP EPS were $0.02 for Q2 compared to -$1.94 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 38.5%, 150 basis points worse than the prior-year quarter. Operating margin was 2.4%, 440 basis points worse than the prior-year quarter. Net margin was 0.4%, 3,430 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $427.9 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $0.24.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 312 members out of 374 rating the stock outperform, and 62 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Corinthian Colleges a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Corinthian Colleges is hold, with an average price target of $2.53.

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