Finisar (Nasdaq: FNSR) reported earnings on June 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 28 (Q4), Finisar met expectations on revenues and beat expectations on earnings per share.

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

Gross margins grew, operating margins grew, net margins shrank.

Revenue details
 Finisar reported revenue of $243.4 million. The 12 analysts polled by S&P Capital IQ hoped for revenue of $242.6 million 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 $0.20. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.17 per share. Non-GAAP EPS of $0.20 for Q4 were 4.8% lower than the prior-year quarter's $0.21 per share. GAAP EPS of $0.04 for Q4 were 79% lower than the prior-year quarter's $0.19 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 31.8%, 390 basis points better than the prior-year quarter. Operating margin was 6.6%, 410 basis points better than the prior-year quarter. Net margin was 1.6%, 590 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $250.3 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $1.02.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 445 members out of 486 rating the stock outperform, and 41 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Finisar 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 Finisar is outperform, with an average price target of $17.51.

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