Nanometrics (Nasdaq: NANO) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Nanometrics beat expectations on revenues and exceeded expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
 Nanometrics tallied revenue of $34.6 million. The five analysts polled by S&P Capital IQ expected to see sales of $32.3 million on the same basis. GAAP reported sales were 35% lower than the prior-year quarter's $53.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at -$0.17. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.20 per share. Non-GAAP EPS were -$0.17 for Q2 compared to $0.13 per share for the prior-year quarter. GAAP EPS were -$0.20 for Q2 against $0.19 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 43.8%, 400 basis points worse than the prior-year quarter. Operating margin was -17.8%, much worse than the prior-year quarter. Net margin was -13.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $38.3 million. On the bottom line, the average EPS estimate is -$0.09.

Next year's average estimate for revenue is $145.0 million. The average EPS estimate is -$0.45.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nanometrics is outperform, with an average price target of $17.10.

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