Noble (NYSE: NE) reported earnings on Wednesday. Here are the numbers you need to know.

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

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

Margins grew across the board.

Revenue details
Noble recorded revenue of $898.9 million. The 17 analysts polled by S&P Capital IQ expected a top line of $896.2 million on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $603.9 million.

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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 $0.59. The 27 earnings estimates compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.63 for Q2 were 200% higher than the prior-year quarter's $0.21 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 51.6%, 880 basis points better than the prior-year quarter. Operating margin was 25.5%, 1,240 basis points better than the prior-year quarter. Net margin was 17.8%, 880 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $955.4 million. On the bottom line, the average EPS estimate is $0.70.

Next year's average estimate for revenue is $3.69 billion. The average EPS estimate is $2.75.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,240 members rating the stock outperform and 33 members rating it underperform. Among 506 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 498 give Noble a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble is outperform, with an average price target of $46.16.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.