LeapFrog Enterprises (NYSE: LF) reported earnings Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), LeapFrog Enterprises beat expectations on revenues and exceeded expectations on earnings per share.

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

Margins increased across the board.

Revenue details
LeapFrog Enterprises logged revenue of $71.5 million. The six analysts polled by S&P Capital IQ predicted sales of $66.2 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $54.4 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 -$0.12. The six earnings estimates compiled by S&P Capital IQ forecast -$0.18 per share. GAAP EPS were -$0.12 for Q2 versus -$0.21 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 39.9%, 500 basis points better than the prior-year quarter. Operating margin was -10.5%, 1,360 basis points better than the prior-year quarter. Net margin was -11.3%, 1,400 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $164.3 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $522.9 million. The average EPS estimate is $0.65.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 239 members rating the stock outperform, and 52 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give LeapFrog Enterprises a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LeapFrog Enterprises is outperform, with an average price target of $13.00.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend LeapFrog Enterprises. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.