Tenneco (NYSE: TEN) reported earnings on July 29. Here are the numbers you need to know.

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

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

Margins dropped across the board.

Revenue details
Tenneco tallied revenue of $2.07 billion. The 11 analysts polled by S&P Capital IQ foresaw a top line of $1.97 billion on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $1.92 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 $1.10. The 12 earnings estimates compiled by S&P Capital IQ predicted $1.09 per share. Non-GAAP EPS of $1.10 for Q2 were 3.5% lower than the prior-year quarter's $1.14 per share. GAAP EPS of $1.02 for Q2 were 28% lower than the prior-year quarter's $1.42 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 16.0%, 100 basis points worse than the prior-year quarter. Operating margin was 6.9%, 40 basis points worse than the prior-year quarter. Net margin was 3.0%, 150 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.94 billion. On the bottom line, the average EPS estimate is $0.99.

Next year's average estimate for revenue is $7.77 billion. The average EPS estimate is $3.66.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 127 members out of 203 rating the stock outperform, and 76 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Tenneco a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenneco is outperform, with an average price target of $48.00.

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