Lannett (AMEX: LCI) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q3), Lannett met expectations on revenues and met expectations on earnings per share.

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

Margins increased across the board.

Revenue details
 Lannett booked revenue of $39.0 million. The two analysts polled by S&P Capital IQ expected a top line of $39.1 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $30.7 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 two earnings estimates compiled by S&P Capital IQ predicted $0.12 per share. Non-GAAP EPS of $0.12 for Q3 were 100% higher than the prior-year quarter's $0.06 per share. GAAP EPS of $0.14 for Q3 were 133% higher than the prior-year quarter's $0.06 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 40.1%, 310 basis points better than the prior-year quarter. Operating margin was 12.0%, 430 basis points better than the prior-year quarter. Net margin was 10.1%, 450 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $36.9 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $149.1 million. The average EPS estimate is $0.37.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 80 members out of 90 rating the stock outperform, and 10 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Lannett 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 Lannett is buy, with an average price target of $9.75.