ShoreTel (Nasdaq: SHOR) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q3), ShoreTel beat slightly on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP loss per share improved.

Margins contracted across the board.

Revenue details
 ShoreTel logged revenue of $56.3 million. The nine analysts polled by S&P Capital IQ expected to see revenue of $55.5 million on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $51.6 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 -$0.03. The eight earnings estimates compiled by S&P Capital IQ anticipated -$0.04 per share. GAAP EPS were -$0.17 for Q3 compared to -$0.05 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 66.2%, 180 basis points worse than the prior-year quarter. Operating margin was -8.9%, 350 basis points worse than the prior-year quarter. Net margin was -15.1%, 1,050 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $64.1 million. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $232.6 million. The average EPS estimate is $0.00.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 122 members out of 130 rating the stock outperform, and eight members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give ShoreTel a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ShoreTel is outperform, with an average price target of $8.44.

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