Emulex (NYSE: ELX) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 1 (Q3), Emulex beat expectations on revenues and earnings per share.

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

Margins increased across the board.

Revenue details
Emulex booked revenue of $125.7 million. The 11 analysts polled by S&P Capital IQ predicted a top line of $123.3 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $112.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.21. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.18 per share on the same basis. GAAP EPS were $0.10 for Q3 against -$0.21 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 63.6%, 870 basis points better than the prior-year quarter. Operating margin was 6.4%, 1,610 basis points better than the prior-year quarter. Net margin was 6.9%, 2,350 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $129.6 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $500.2 million. The average EPS estimate is $0.78.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emulex is hold, with an average price target of $10.56.

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