Boeing (NYSE: BA) reported earnings on July 24. Here are the numbers you need to know.

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

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

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

Revenue details
 Boeing recorded revenue of $21.82 billion. The 20 analysts polled by S&P Capital IQ hoped for revenue of $20.87 billion on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $20.01 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 $1.67. The 23 earnings estimates compiled by S&P Capital IQ anticipated $1.56 per share. Non-GAAP EPS of $1.67 for Q2 were 31% higher than the prior-year quarter's $1.27 per share. GAAP EPS of $1.41 for Q2 were 11% higher than the prior-year quarter's $1.27 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 15.4%, 90 basis points worse than the prior-year quarter. Operating margin was 7.7%, 20 basis points better than the prior-year quarter. Net margin was 5.0%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $21.51 billion. On the bottom line, the average EPS estimate is $1.55.

Next year's average estimate for revenue is $84.12 billion. The average EPS estimate is $6.42.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,895 members out of 4,315 rating the stock outperform, and 420 members rating it underperform. Among 965 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 917 give Boeing a green thumbs-up, and 48 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boeing is outperform, with an average price target of $114.71.

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