JetBlue Airways (Nasdaq: JBLU) reported earnings on July 25. Here are the numbers you need to know.

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

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

Margins increased across the board.

Revenue details
 JetBlue Airways booked revenue of $1.28 billion. The 10 analysts polled by S&P Capital IQ expected revenue of $1.29 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.15 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 $0.16. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.16 for Q2 were 100% higher than the prior-year quarter's $0.08 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 29.1%, 100 basis points better than the prior-year quarter. Operating margin was 9.4%, 190 basis points better than the prior-year quarter. Net margin was 4.1%, 190 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $5.04 billion. The average EPS estimate is $0.53.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 947 members out of 1,156 rating the stock outperform, and 209 members rating it underperform. Among 273 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 220 give JetBlue Airways a green thumbs-up, and 53 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JetBlue Airways is outperform, with an average price target of $7.13.

Over the decades, small-cap stocks, like JetBlue Airways have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.