Baker Hughes (NYSE: BHI) reported earnings on July 24. Here are the numbers you need to know.

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

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

Margins contracted across the board.

Revenue details
 Baker Hughes tallied revenue of $5.49 billion. The 22 analysts polled by S&P Capital IQ wanted to see revenue of $5.25 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.61. The 29 earnings estimates compiled by S&P Capital IQ predicted $0.65 per share. Non-GAAP EPS of $0.61 for Q2 were 39% lower than the prior-year quarter's $1.00 per share. GAAP EPS of $0.54 for Q2 were 46% lower than the prior-year quarter's $1.00 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 16.3%, 380 basis points worse than the prior-year quarter. Operating margin was 7.9%, 410 basis points worse than the prior-year quarter. Net margin was 4.4%, 380 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $5.77 billion. On the bottom line, the average EPS estimate is $0.78.

Next year's average estimate for revenue is $22.44 billion. The average EPS estimate is $2.96.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,162 members out of 1,207 rating the stock outperform, and 45 members rating it underperform. Among 271 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 259 give Baker Hughes a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Baker Hughes is outperform, with an average price target of $51.11.

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