Libbey (AMEX: LBY) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Libbey missed estimates on revenues and crushed expectations on earnings per share.

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

Gross margins grew, operating margins increased, net margins contracted.

Revenue details
Libbey chalked up revenue of $210.0 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $218.5 million on the same basis. GAAP reported sales were 2.3% lower than the prior-year quarter's $214.9 million.

My

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 $0.98. The two earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. GAAP EPS were -$0.49 for Q2 against $0.74 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 26.8%, 360 basis points better than the prior-year quarter. Operating margin was 13.8%, 250 basis points better than the prior-year quarter. Net margin was -4.8%, 1,200 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $213.3 million. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $844.6 million. The average EPS estimate is $1.17.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 43 members out of 61 rating the stock outperform, and 18 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Libbey a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Libbey is outperform, with an average price target of $21.00.

Over the decades, small-cap stocks, like Libbey have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Get instant access to this free report.