Affymetrix (Nasdaq: AFFX) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Affymetrix met expectations on revenues and exceeded expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
Affymetrix recorded revenue of $65.2 million. The 13 analysts polled by S&P Capital IQ foresaw revenue of $64.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $73.7 million.

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

EPS details
EPS came in at -$0.04. The 13 earnings estimates compiled by S&P Capital IQ averaged -$0.10 per share. GAAP EPS were -$0.06 for Q1 compared to $0.00 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 58.1%, 510 basis points worse than the prior-year quarter. Operating margin was -5.1%, 940 basis points worse than the prior-year quarter. Net margin was -6.5%, 660 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $66.1 million. On the bottom line, the average EPS estimate is -$0.08.

Next year's average estimate for revenue is $268.1 million. The average EPS estimate is -$0.28.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 346 members out of 411 rating the stock outperform, and 65 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Affymetrix a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Affymetrix is hold, with an average price target of $5.38.

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