Myriad Genetics (Nasdaq: MYGN) reported earnings on Jan. 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Myriad Genetics beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share increased significantly.

Margins dropped across the board.

Revenue details
Myriad Genetics logged revenue of $122.8 million. The 17 analysts polled by S&P Capital IQ expected to see revenue of $115.3 million. Sales were 22% higher than the prior-year quarter's $100.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.33. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.31 per share. GAAP EPS of $0.33 for Q2 were 27% higher than the prior-year quarter's $0.26 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 86.9%, 110 basis points worse than the prior-year quarter. Operating margin was 37.0%, 140 basis points worse than the prior-year quarter. Net margin was 23.0%, 110 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $115.9 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $462.3 million. The average EPS estimate is $1.25.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 520 members out of 597 rating the stock outperform, and 77 members rating it underperform. Among 174 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 164 give Myriad Genetics a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Myriad Genetics is outperform, with an average price target of $25.43.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.