Cabot Microelectronics (Nasdaq: CCMP) reported earnings on Jan. 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q1), Cabot Microelectronics beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted.

Gross margins dropped, operating margins increased, net margins dropped.

Revenue details
 Cabot Microelectronics reported revenue of $106.5 million. The four analysts polled by S&P Capital IQ hoped for a top line of $103.6 million on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $102.1 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 $0.48. The four earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. GAAP EPS of $0.41 for Q1 were 8.9% lower than the prior-year quarter's $0.45 per share.

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 47.0%, 130 basis points worse than the prior-year quarter. Operating margin was 15.6%, 60 basis points better than the prior-year quarter. Net margin was 9.1%, 110 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $101.7 million. On the bottom line, the average EPS estimate is $0.41.

Next year's average estimate for revenue is $439.9 million. The average EPS estimate is $2.05.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 38 members out of 43 rating the stock outperform, and five members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Cabot Microelectronics a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabot Microelectronics is hold, with an average price target of $35.67.

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