Exar (Nasdaq: EXAR) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 30 (Q3), Exar met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.

Margins increased across the board.

Revenue details
 Exar reported revenue of $31.0 million. The four analysts polled by S&P Capital IQ wanted to see sales of $31.4 million on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $29.7 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 $0.09. The four earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. GAAP EPS were $0.03 for Q3 compared to -$0.11 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 48.6%, 60 basis points better than the prior-year quarter. Operating margin was 0.8%, 1,910 basis points better than the prior-year quarter. Net margin was 4.9%, 2,080 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $31.8 million. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $123.1 million. The average EPS estimate is $0.23.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 75 members out of 80 rating the stock outperform, and five members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Exar a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exar is outperform, with an average price target of $10.05.

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