New York Times (NYSE: NYT) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 24 (Q2), New York Times met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP loss per share dropped.

Gross margins dropped, operating margins improved, net margins improved.

Revenue details
New York Times logged revenue of $515.2 million. The five analysts polled by S&P Capital IQ looked for revenue of $510.9 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $576.7 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 $0.14. The seven earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS were -$0.60 for Q2 compared to -$0.81 per share for the prior-year quarter.

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 58.7%, 20 basis points worse than the prior-year quarter. Operating margin was 9.9%, 60 basis points better than the prior-year quarter. Net margin was -17.1%, 370 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $479.9 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $2.07 billion. The average EPS estimate is $0.69.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 171 members out of 426 rating the stock outperform, and 255 members rating it underperform. Among 146 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give New York Times a green thumbs-up, and 98 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on New York Times is hold, with an average price target of $7.46.

Over the decades, small-cap stocks, like New York Times 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." Get instant access to this free report.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.