Time Warner Cable (NYSE: TWC) reported earnings on Aug. 2. Here are the numbers you need to know.

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

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

Gross margins grew, operating margins shrank, net margins contracted.

Revenue details
Time Warner Cable logged revenue of $5.40 billion. The 20 analysts polled by S&P Capital IQ foresaw revenue of $5.39 billion on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $4.94 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 $1.48. The 18 earnings estimates compiled by S&P Capital IQ anticipated $1.38 per share. GAAP EPS of $1.43 for Q2 were 15% higher than the prior-year quarter's $1.24 per share.

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 54.2%, 70 basis points better than the prior-year quarter. Operating margin was 21.5%, 20 basis points worse than the prior-year quarter. Net margin was 8.4%, 10 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $5.38 billion. On the bottom line, the average EPS estimate is $1.40.

Next year's average estimate for revenue is $21.35 billion. The average EPS estimate is $5.66.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 187 members out of 222 rating the stock outperform, and 35 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Time Warner Cable a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Time Warner Cable is outperform, with an average price target of $90.33.

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