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

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

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

Gross margins shrank, operating margins grew, net margins expanded.

Revenue details
Ford reported revenue of $36.00 billion. The 12 analysts polled by S&P Capital IQ foresaw revenue of $35.25 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $33.21 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 $0.45. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. Non-GAAP EPS of $0.45 for Q2 were 50% higher than the prior-year quarter's $0.30 per share. GAAP EPS of $0.30 for Q2 were 15% higher than the prior-year quarter's $0.26 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 6.7%, 760 basis points worse than the prior-year quarter. Operating margin was 6.7%, 140 basis points better than the prior-year quarter. Net margin was 3.2%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $32.69 billion. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $136.14 billion. The average EPS estimate is $1.43.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 9,853 members out of 12,247 rating the stock outperform, and 2,394 members rating it underperform. Among 2,080 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,755 give Ford a green thumbs-up, and 325 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ford is outperform, with an average price target of $16.81.

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