Fusion-io (NYSE: FIO) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q3), Fusion-io beat expectations on revenues and exceeded expectations on earnings per share.

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

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

Revenue details
 Fusion-io tallied revenue of $87.7 million. The 21 analysts polled by S&P Capital IQ wanted to see revenue of $80.4 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $94.2 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 -$0.03. The 22 earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. Non-GAAP EPS were -$0.03 for Q3 versus $0.06 per share for the prior-year quarter. GAAP EPS were -$0.21 for Q3 compared to -$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 55.1%, 300 basis points better than the prior-year quarter. Operating margin was -32.5%, much worse than the prior-year quarter. Net margin was -22.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $107.9 million. On the bottom line, the average EPS estimate is -$0.01.

Next year's average estimate for revenue is $427.9 million. The average EPS estimate is $0.19.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 225 members out of 255 rating the stock outperform, and 30 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Fusion-io a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fusion-io is outperform, with an average price target of $22.18.

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