Hittite Microwave (Nasdaq: HITT) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Hittite Microwave met expectations on revenues and met expectations on earnings per share.

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

Gross margins were steady, operating margins contracted, net margins grew.

Revenue details
 Hittite Microwave reported revenue of $67.7 million. The six analysts polled by S&P Capital IQ expected to see net sales of $67.6 million on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $63.3 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 $0.57. The four earnings estimates compiled by S&P Capital IQ forecast $0.57 per share. GAAP EPS of $0.57 for Q1 were 9.6% higher than the prior-year quarter's $0.52 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 73.7%, much about the same as the prior-year quarter. Operating margin was 40.1%, 10 basis points worse than the prior-year quarter. Net margin was 26.0%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $67.6 million. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $279.7 million. The average EPS estimate is $2.37.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 240 members out of 252 rating the stock outperform, and 12 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Hittite Microwave 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 Hittite Microwave is outperform, with an average price target of $65.75.

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