Trimble Navigation (Nasdaq: TRMB) reported earnings on Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), Trimble Navigation beat slightly on revenues and beat expectations on earnings per share.

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

Gross margins improved, operating margins dropped, and net margins shrank.

Revenue details
Trimble Navigation reported revenue of $517.6 million. The nine analysts polled by S&P Capital IQ predicted revenue of $512.0 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $407.2 million.

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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 $0.72. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.70 per share. GAAP EPS of $0.42 for Q2 were 2.3% lower than the prior-year quarter's $0.43 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 54.3%, 270 basis points better than the prior-year quarter. Operating margin was 11.6%, 150 basis points worse than the prior-year quarter. Net margin was 10.4%, 280 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $489.0 million. On the bottom line, the average EPS estimate is $0.60.

Next year's average estimate for revenue is $1.99 billion. The average EPS estimate is $2.53.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 401 members out of 422 rating the stock outperform, and 21 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Trimble Navigation a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Trimble Navigation is outperform, with an average price target of $61.00.