CBS (NYSE: CBS) reported earnings on Aug. 2. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
CBS logged revenue of $3.48 billion. The 25 analysts polled by S&P Capital IQ foresaw revenue of $3.53 billion on the same basis. GAAP reported sales were 3.1% lower than the prior-year quarter's $3.59 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 $0.65. The 27 earnings estimates compiled by S&P Capital IQ anticipated $0.59 per share. GAAP EPS of $0.65 for Q2 were 12% higher than the prior-year quarter's $0.58 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 46.0%, 260 basis points better than the prior-year quarter. Operating margin was 22.1%, 160 basis points better than the prior-year quarter. Net margin was 12.3%, 130 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.53 billion. On the bottom line, the average EPS estimate is $0.63.

Next year's average estimate for revenue is $15.02 billion. The average EPS estimate is $2.55.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 313 members out of 388 rating the stock outperform, and 75 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give CBS a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBS is outperform, with an average price target of $38.40.