Alere (NYSE: ALR) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Alere beat expectations on revenues and crushed expectations on earnings per share.

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

Gross margins dropped, operating margins increased, net margins dropped.

Revenue details
 Alere notched revenue of $764.0 million. The 10 analysts polled by S&P Capital IQ expected to see revenue of $720.2 million on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $700.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.64. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. Non-GAAP EPS of $0.64 for Q2 were 33% higher than the prior-year quarter's $0.48 per share. GAAP EPS were -$0.81 for Q2 versus -$0.23 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 50.3%, 50 basis points worse than the prior-year quarter. Operating margin was 5.8%, 110 basis points better than the prior-year quarter. Net margin was -7.9%, 610 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $723.4 million. On the bottom line, the average EPS estimate is $0.52.

Next year's average estimate for revenue is $2.95 billion. The average EPS estimate is $2.17.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alere is outperform, with an average price target of $28.73.

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