Limelight Networks (Nasdaq: LLNW) reported earnings on May 10. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue increased. Non-GAAP loss per share dropped. GAAP loss per share shrank.

Gross margins contracted, operating margins grew, net margins increased.

Revenue details
 Limelight Networks reported revenue of $45.8 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $45.8 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 -$0.04. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.05 per share. Non-GAAP EPS were -$0.04 for Q1 against -$0.05 per share for the prior-year quarter. GAAP EPS were -$0.08 for Q1 compared to -$0.10 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 51.9%, 180 basis points worse than the prior-year quarter. Operating margin was -18.9%, 440 basis points better than the prior-year quarter. Net margin was -17.8%, 480 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $45.9 million. On the bottom line, the average EPS estimate is -$0.05.

Next year's average estimate for revenue is $188.2 million. The average EPS estimate is -$0.18.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 288 members out of 320 rating the stock outperform, and 32 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Limelight Networks a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Limelight Networks is outperform, with an average price target of $2.98.

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