Google (Nasdaq: GOOG) reported earnings on July 18. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Google missed estimates on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share contracted. GAAP earnings per share grew.

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

Revenue details
 Google reported revenue of $14.11 billion. The 24 analysts polled by S&P Capital IQ expected a top line of $14.46 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $12.21 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 $9.56. The 38 earnings estimates compiled by S&P Capital IQ forecast $10.80 per share. Non-GAAP EPS of $9.56 for Q2 were 5.5% lower than the prior-year quarter's $10.12 per share. GAAP EPS of $9.54 for Q2 were 13% higher than the prior-year quarter's $8.42 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 57.0%, 200 basis points worse than the prior-year quarter. Operating margin was 22.1%, 510 basis points worse than the prior-year quarter. Net margin was 22.9%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $14.95 billion. On the bottom line, the average EPS estimate is $11.10.

Next year's average estimate for revenue is $59.08 billion. The average EPS estimate is $46.10.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 15,657 members out of 18,177 rating the stock outperform, and 2,520 members rating it underperform. Among 3,659 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 3,325 give Google a green thumbs-up, and 334 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Google is outperform, with an average price target of $947.54.

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