Triangle Petroleum (AMEX: TPLM) reported earnings on June 10. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 30 (Q1), Triangle Petroleum beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins dropped, operating margins grew, net margins grew.

Revenue details
 Triangle Petroleum chalked up revenue of $34.3 million. The nine analysts polled by S&P Capital IQ predicted sales of $31.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $5.2 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 $0.10. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were $0.10 for Q1 versus -$0.07 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 53.7%, much worse than the prior-year quarter. Operating margin was 12.9%, much better than the prior-year quarter. Net margin was 15.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $38.3 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $180.2 million. The average EPS estimate is $0.74.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 93 members out of 96 rating the stock outperform, and three members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Triangle Petroleum a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triangle Petroleum is outperform, with an average price target of $9.45.

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