Emulex (NYSE: ELX ) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q2), Emulex met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Gross margins expanded, operating margins dropped, net margins contracted.
Emulex tallied revenue of $122.1 million. The 13 analysts polled by S&P Capital IQ expected revenue of $121.9 million on the same basis. GAAP reported sales were 5.1% lower than the prior-year quarter's $128.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.19. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.06 for Q2 were 65% lower than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 62.8%, 20 basis points better than the prior-year quarter. Operating margin was 3.5%, 670 basis points worse than the prior-year quarter. Net margin was 4.6%, 710 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $117.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $481.7 million. The average EPS estimate is $0.73.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Emulex is hold, with an average price target of $7.45.
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