Clearwire (NAS: CLWR) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Clearwire beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP loss per share dropped. GAAP loss per share dropped.
Margins shrank across the board.
Clearwire recorded revenue of $318.0 million. The 10 analysts polled by S&P Capital IQ anticipated sales of $311.0 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 came in at -$0.31. The 10 earnings estimates compiled by S&P Capital IQ forecast -$0.26 per share. Non-GAAP EPS were -$0.31 for Q1 against -$0.40 per share for the prior-year quarter. GAAP EPS were -$0.33 for Q1 compared to -$0.44 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.0%, 410 basis points worse than the prior-year quarter. Operating margin was -95.4%, 930 basis points worse than the prior-year quarter. Net margin was -71.4%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $316.0 million. On the bottom line, the average EPS estimate is -$0.27.
Next year's average estimate for revenue is $1.30 billion. The average EPS estimate is -$1.00.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 573 members out of 682 rating the stock outperform, and 109 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Clearwire a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clearwire is hold, with an average price target of $3.10.
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The article Clearwire Misses Where it Counts originally appeared on Fool.com.
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