American International Group (NYSE: AIG) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), American International Group met expectations on revenues and crushed expectations on earnings per share.

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

Gross margins grew, operating margins dropped, net margins improved.

Revenue details
 American International Group chalked up revenue of $8.82 billion. The five analysts polled by S&P Capital IQ expected a top line of $8.82 billion on the same basis. GAAP reported sales were 2.7% higher than the prior-year quarter's $16.68 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 $1.06. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.60 per share. GAAP EPS of $1.33 for Q2 were 33% higher than the prior-year quarter's $1.00 per share. (The prior-year quarter included -$0.03 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 22.8%, 210 basis points better than the prior-year quarter. Operating margin was 15.9%, 130 basis points worse than the prior-year quarter. Net margin was 13.6%, 260 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $8.72 billion. On the bottom line, the average EPS estimate is $0.70.

Next year's average estimate for revenue is $34.99 billion. The average EPS estimate is $4.17.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,413 members out of 2,989 rating the stock outperform, and 576 members rating it underperform. Among 590 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 462 give American International Group a green thumbs-up, and 128 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American International Group is outperform, with an average price target of $37.79.