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

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

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

Gross margins contracted, operating margins expanded, net margins expanded.

Revenue details
 Textron booked revenue of $3.02 billion. The 10 analysts polled by S&P Capital IQ expected to see net sales of $2.98 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $2.73 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 $0.58. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.44 per share. GAAP EPS of $0.58 for Q2 were 107% higher than the prior-year quarter's $0.28 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

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 10.3%, 690 basis points worse than the prior-year quarter. Operating margin was 9.6%, 330 basis points better than the prior-year quarter. Net margin was 5.7%, 240 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $3.08 billion. On the bottom line, the average EPS estimate is $0.50.

Next year's average estimate for revenue is $12.41 billion. The average EPS estimate is $2.02.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 529 members out of 579 rating the stock outperform, and 50 members rating it underperform. Among 157 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 148 give Textron a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Textron is outperform, with an average price target of $30.50.