International Game Technology (NYSE: IGT) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q3), International Game Technology missed estimates on revenues and earnings per share.

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

Margins dropped across the board.

Revenue details
International Game Technology reported revenue of $532.8 million. The 16 analysts polled by S&P Capital IQ expected to see sales of $564.2 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $489.0 million.

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 $0.23. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.28 per share. GAAP EPS of $0.16 for Q3 were 43% lower than the prior-year quarter's $0.28 per share. (The prior-year quarter included -$0.02 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 56.8%, 220 basis points worse than the prior-year quarter. Operating margin was 22.8%, 660 basis points worse than the prior-year quarter. Net margin was 8.7%, 910 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $574.0 million. On the bottom line, the average EPS estimate is $0.30.

Next year's average estimate for revenue is $2.12 billion. The average EPS estimate is $1.02.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 640 members out of 682 rating the stock outperform, and 42 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give International Game Technology 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 International Game Technology is outperform, with an average price target of $19.73.