Tellabs (Nasdaq: TLAB) reported earnings on July 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), Tellabs met expectations on revenue and exceeded expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
Tellabs logged revenue of $288.1 million. The 12 analysts polled by S&P Capital IQ predicted a top line of $287.9 million on the same basis. GAAP reported sales were 9.0% lower than the prior-year quarter's $316.7 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 $0.02. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.00 per share. GAAP EPS were -$0.01 for Q2 versus -$0.08 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 39.6%, 320 basis points better than the prior-year quarter. Operating margin was 0.9%, 1,200 basis points better than the prior-year quarter. Net margin was -1.6%, 770 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $282.9 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is -$0.01.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 397 members out of 443 rating the stock outperform, and 46 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Tellabs a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tellabs is hold, with an average price target of $4.25.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Tellabs. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.