Teva Pharmaceutical Industries (NYSE: TEVA) reported earnings on May 2. Here are the numbers you need to know.

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

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

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

Revenue details
Teva Pharmaceutical Industries booked revenue of $4.90 billion. The 21 analysts polled by S&P Capital IQ looked for revenue of $4.86 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $1.12. The 23 earnings estimates compiled by S&P Capital IQ predicted $1.11 per share. Non-GAAP EPS of $1.12 for Q1 were 24% lower than the prior-year quarter's $1.47 per share. GAAP EPS of $0.74 for Q1 were 24% lower than the prior-year quarter's $0.97 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 52.8%, 60 basis points better than the prior-year quarter. Operating margin was 17.8%, 440 basis points worse than the prior-year quarter. Net margin was 12.9%, 390 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $4.97 billion. On the bottom line, the average EPS estimate is $1.21.

Next year's average estimate for revenue is $20.17 billion. The average EPS estimate is $5.04.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,438 members out of 2,509 rating the stock outperform, and 71 members rating it underperform. Among 526 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 519 give Teva Pharmaceutical Industries 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 Teva Pharmaceutical Industries is outperform, with an average price target of $45.31.

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