Impax Laboratories (Nasdaq: IPXL) reported earnings on Thursday. Here are the numbers you need to know.

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

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

Gross margins contracted, operating margins increased, and et margins improved.

Revenue details
Impax Laboratories booked revenue of $166.5 million. The 11 analysts polled by S&P Capital IQ foresaw revenue of $160.9 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $125.9 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 $0.60. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.44 per share. GAAP EPS of $0.27 for Q2 were 42% higher than the prior-year quarter's $0.19 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 46.8%, 60 basis points worse than the prior-year quarter. Operating margin was 21.0%, 490 basis points better than the prior-year quarter. Net margin was 11.2%, 120 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $161.5 million. On the bottom line, the average EPS estimate is $0.48.

Next year's average estimate for revenue is $635.8 million. The average EPS estimate is $2.04.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 171 members rating the stock outperform and 12 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Impax Laboratories a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Impax Laboratories is hold, with an average price target of $24.89.