Finisar (Nasdaq: FNSR) reported earnings on March 7. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 27 (Q3), Finisar met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share shrank significantly. GAAP earnings per share dropped to a loss.

Margins dropped across the board.

Revenue details
 Finisar notched revenue of $238.4 million. The 11 analysts polled by S&P Capital IQ expected to see a top line of $238.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.17. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. Non-GAAP EPS of $0.17 for Q3 were 26% lower than the prior-year quarter's $0.23 per share. GAAP EPS were -$0.04 for Q3 against $0.09 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 29.4%, 50 basis points worse than the prior-year quarter. Operating margin was 1.7%, 340 basis points worse than the prior-year quarter. Net margin was -1.4%, 510 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $240.4 million. On the bottom line, the average EPS estimate is $0.16.

Next year's average estimate for revenue is $931.5 million. The average EPS estimate is $0.59.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 430 members out of 474 rating the stock outperform, and 44 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Finisar a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Finisar is outperform, with an average price target of $16.56.

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