Atwood Oceanics (NYSE: ATW) reported earnings on Jan. 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q1), Atwood Oceanics beat expectations on revenues and beat expectations on earnings per share.

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

Margins dropped across the board.

Revenue details
 Atwood Oceanics notched revenue of $245.1 million. The 12 analysts polled by S&P Capital IQ expected to see a top line of $232.9 million on the same basis. GAAP reported sales were 33% higher than the prior-year quarter's $184.7 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 $1.10. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.93 per share. GAAP EPS of $1.10 for Q1 were 10% higher than the prior-year quarter's $1.00 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 54.3%, 330 basis points worse than the prior-year quarter. Operating margin was 36.1%, 550 basis points worse than the prior-year quarter. Net margin was 29.7%, 580 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $250.7 million. On the bottom line, the average EPS estimate is $1.25.

Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $4.90.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,359 members out of 2,382 rating the stock outperform, and 23 members rating it underperform. Among 664 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 659 give Atwood Oceanics 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 Atwood Oceanics is outperform, with an average price target of $55.01.

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