Nanometrics (Nasdaq: NANO) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Nanometrics beat expectations on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
 Nanometrics reported revenue of $55.5 million. The six analysts polled by S&P Capital IQ expected to see a top line of $53.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $62.1 million.

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

EPS details
 EPS came in at $0.12. The five earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. GAAP EPS of $0.07 for Q1 were 84% lower than the prior-year quarter's $0.45 per share.

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 46.3%, 1,030 basis points worse than the prior-year quarter. Operating margin was 7.4%, 2,010 basis points worse than the prior-year quarter. Net margin was 3.1%, 1,380 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $58.7 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $243.6 million. The average EPS estimate is $1.07.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nanometrics is outperform, with an average price target of $22.70.

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