Par Pharmaceutical (NYSE: PRX) reported earnings on May 8. Here are the numbers you need to know.

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

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

Gross margins dropped, operating margins dropped, net margins improved.

Revenue details
Par Pharmaceutical tallied revenue of $271.5 million. The nine analysts polled by S&P Capital IQ predicted a top line of $235.7 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $233.0 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 $0.82. The nine earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. GAAP EPS were -$0.79 for Q1 compared to -$3.07 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 39.3%, 780 basis points worse than the prior-year quarter. Operating margin was 9.5%, 1,280 basis points worse than the prior-year quarter. Net margin was -10.6%, 3,620 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $267.3 million. On the bottom line, the average EPS estimate is $1.03.

Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $3.74.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Par Pharmaceutical is outperform, with an average price target of $40.89.

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