IAC/InterActiveCorp (Nasdaq: IACI) reported earnings on July 30. Here are the numbers you need to know.

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

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

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

Revenue details
 IAC/InterActiveCorp booked revenue of $799.4 million. The 15 analysts polled by S&P Capital IQ expected revenue of $782.4 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $680.6 million.

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 $0.95. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.94 per share. Non-GAAP EPS of $0.95 for Q2 were 10% higher than the prior-year quarter's $0.86 per share. (The prior-year quarter included -$0.05 per share in earnings from discontinued operations.) GAAP EPS of $0.69 for Q2 were 47% higher than the prior-year quarter's $0.47 per share. (The prior-year quarter included -$0.05 per share in earnings from discontinued operations.)

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 65.9%, 70 basis points better than the prior-year quarter. Operating margin was 13.3%, 100 basis points worse than the prior-year quarter. Net margin was 7.3%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $819.4 million. On the bottom line, the average EPS estimate is $1.02.

Next year's average estimate for revenue is $3.21 billion. The average EPS estimate is $3.97.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 369 members out of 407 rating the stock outperform, and 38 members rating it underperform. Among 138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give IAC/InterActiveCorp a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IAC/InterActiveCorp is outperform, with an average price target of $56.00.

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