MetroPCS Communications (NYSE: PCS) reported earnings on July 26. Here are the numbers you need to know.

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

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

Margins improved across the board.

Revenue details
 MetroPCS Communications logged revenue of $1.28 billion. The 21 analysts polled by S&P Capital IQ predicted net sales of $1.26 billion on the same basis. GAAP reported sales were 5.9% higher than the prior-year quarter's $1.21 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 $0.41. The 25 earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. GAAP EPS of $0.41 for Q2 were 78% higher than the prior-year quarter's $0.23 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 49.6%, 820 basis points better than the prior-year quarter. Operating margin was 24.5%, 700 basis points better than the prior-year quarter. Net margin was 11.6%, 460 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $5.02 billion. The average EPS estimate is $0.55.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 440 members out of 481 rating the stock outperform, and 41 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give MetroPCS Communications a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MetroPCS Communications is hold, with an average price target of $8.74.

New mobile devices and services are changing the game and potential profitability in the wireless industry. Some will fail, some will tread water, and those providing the right services and the right devices will shine. Where does MetroPCS Communications fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.