Finisar (Nasdaq: FNSR) reported earnings on Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 29 (Q3), Finisar met expectations on revenues and met expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
Finisar booked revenue of $243.0 million. The eight analysts polled by S&P Capital IQ expected sales of $244.8 million on the same basis. GAAP reported sales were 7.6% lower than the prior-year quarter's $263 million.

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

EPS details
Non-GAAP EPS came in at $0.23. The four earnings estimates compiled by S&P Capital IQ predicted $0.23 per share on the same basis. GAAP EPS of $0.09 for Q3 were 59% lower than the prior-year quarter's $0.22 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 30.4%, 200 basis points worse than the prior-year quarter. Operating margin was 5.5%, 520 basis points worse than the prior-year quarter. Net margin was 3.7%, 350 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $248.5 million. On the bottom line, the average EPS estimate is $0.21.

Next year's average estimate for revenue is $960.4 million. The average EPS estimate is $0.87.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 440 members rating the stock outperform and 56 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Finisar a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Finisar is outperform, with an average price target of $22.40.

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