Liz Claiborne (NYSE: LIZ) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Liz Claiborne beat expectations on revenues and missed expectations on earnings per share.

Compared with the prior-year quarter, revenue dropped significantly, and GAAP loss per share contracted.

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

Revenue details
Liz Claiborne logged revenue of $317.1 million. The four analysts polled by S&P Capital IQ foresaw revenue of $306.9 million on the same basis. GAAP reported sales were 38% lower than the prior-year quarter's $513.2 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 -$0.22. The four earnings estimates compiled by S&P Capital IQ averaged -$0.09 per share. GAAP EPS were -$0.60 for Q1 compared to -$1.02 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 56.5%, 410 basis points better than the prior-year quarter. Operating margin was -10.4%, 150 basis points worse than the prior-year quarter. Net margin was -19.1%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $332.0 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $0.21.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 228 members out of 325 rating the stock outperform, and 97 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Liz Claiborne a green thumbs-up, and 33 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Liz Claiborne is hold, with an average price target of $10.50.

With hundreds of companies like Liz Claiborne competing for shoppers' limited dollars, strong brands matter. Household names can provide growth for even boring, mature companies -- as long as you choose the right ones. Learn about a few that have what it takes in "3 American Companies Set to Dominate the World." Get instant access to this free report.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the 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 don't 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.