Arris Enterprises (Nasdaq: ARRS) reported earnings on April 24. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
Arris Enterprises booked revenue of $353.7 million. The six analysts polled by S&P Capital IQ expected sales of $355.9 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $302.9 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 $0.25. The seven earnings estimates compiled by S&P Capital IQ averaged $0.24 per share. Non-GAAP EPS of $0.25 for Q1 were 32% higher than the prior-year quarter's $0.19 per share. GAAP EPS were -$0.13 for Q1 versus $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 30.7%, 530 basis points worse than the prior-year quarter. Operating margin was 4.7%, 120 basis points worse than the prior-year quarter. Net margin was -4.1%, 600 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.16 billion. On the bottom line, the average EPS estimate is $0.53.

Next year's average estimate for revenue is $3.94 billion. The average EPS estimate is $1.96.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 741 members out of 766 rating the stock outperform, and 25 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Arris Enterprises a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Arris Enterprises is outperform, with an average price target of $17.72.

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