PLX Technology (Nasdaq: PLXT) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), PLX Technology missed estimates on revenues and missed expectations on earnings per share.

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

Gross margins expanded, operating margins contracted, net margins dropped.

Revenue details
 PLX Technology chalked up revenue of $26.1 million. The four analysts polled by S&P Capital IQ expected to see revenue of $28.7 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $30.7 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 -$0.07. The four earnings estimates compiled by S&P Capital IQ averaged -$0.02 per share. GAAP EPS were -$0.41 for Q2 against -$0.14 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 57.4%, 110 basis points better than the prior-year quarter. Operating margin was -20.9%, 330 basis points worse than the prior-year quarter. Net margin was -69.9%, 5,030 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $31.1 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $118.5 million. The average EPS estimate is -$0.06.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 40 members out of 58 rating the stock outperform, and 18 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give PLX Technology a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PLX Technology is hold, with an average price target of $7.00.

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