Nokia (NYSE: NOK) reported earnings on July 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Nokia beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share expanded.

Margins contracted across the board.

Revenue details
 Nokia reported revenue of $9.56 billion. The 36 analysts polled by S&P Capital IQ predicted revenue of $9.30 billion on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $13.47 billion.

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 -$0.10. The 14 earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share. GAAP EPS were -$0.48 for Q2 against -$0.15 per share for the prior-year quarter.

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 23.6%, 720 basis points worse than the prior-year quarter. Operating margin was -7.4%, 650 basis points worse than the prior-year quarter. Net margin was -18.7%, 1,470 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $8.80 billion. On the bottom line, the average EPS estimate is -$0.11.

Next year's average estimate for revenue is $37.16 billion. The average EPS estimate is -$0.35.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,854 members out of 3,189 rating the stock outperform, and 336 members rating it underperform. Among 597 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 527 give Nokia a green thumbs-up, and 70 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nokia is hold, with an average price target of $3.07.

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