OCZ Technology Group (Nasdaq: OCZ) reported earnings on July 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 31 (Q1), OCZ Technology Group missed slightly on revenue and missed expectations on earnings per share.

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

Gross margin improved, operating margin shrank, and net margin grew.

Revenue details
OCZ Technology Group booked revenue of $113.6 million. The 11 analysts polled by S&P Capital IQ foresaw revenue of $115.6 million on the same basis. GAAP reported sales were 54% higher than the prior-year quarter's $73.8 million.

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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 -$0.17. The 10 earnings estimates compiled by S&P Capital IQ forecast -$0.12 per share. GAAP EPS were -$0.09 for Q1 compared to -$0.20 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 25.0%, 500 basis points better than the prior-year quarter. Operating margin was -11.4%, 1,190 basis points worse than the prior-year quarter. Net margin was -5.5%, 680 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $134.3 million. On the bottom line, the average EPS estimate is -$0.06.

Next year's average estimate for revenue is $646.4 million. The average EPS estimate is $0.12.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give OCZ Technology Group a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OCZ Technology Group is outperform, with an average price target of $11.95.

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