Skullcandy (Nasdaq: SKUL) reported earnings on Aug. 2. Here are the numbers you need to know.

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

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

Gross margins contracted, operating margins contracted, net margins improved.

Revenue details
 Skullcandy reported revenue of $72.4 million. The 10 analysts polled by S&P Capital IQ anticipated revenue of $65.6 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $52.4 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 $0.24. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. GAAP EPS of $0.24 for Q2 were 9.1% higher than the prior-year quarter's $0.22 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 49.2%, 190 basis points worse than the prior-year quarter. Operating margin was 16.2%, 210 basis points worse than the prior-year quarter. Net margin was 9.4%, 130 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $72.7 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $296.8 million. The average EPS estimate is $1.16.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 118 members out of 143 rating the stock outperform, and 25 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Skullcandy a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Skullcandy is buy, with an average price target of $22.10.

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