United Parcel Service (NYSE: UPS) reported earnings on Aug. 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), United Parcel Service missed estimates on revenues and missed estimates on earnings per share.

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

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

Revenue details
United Parcel Service chalked up revenue of $13.35 billion. The 19 analysts polled by S&P Capital IQ predicted revenue of $13.69 billion on the same basis. GAAP reported sales were 1.2% higher than the prior-year quarter's $13.19 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 $1.15. The 23 earnings estimates compiled by S&P Capital IQ forecast $1.17 per share. GAAP EPS of $1.15 for Q2 were 5.5% higher than the prior-year quarter's $1.09 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 25.0%, 80 basis points better than the prior-year quarter. Operating margin was 13.1%, 20 basis points worse than the prior-year quarter. Net margin was 8.4%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $13.31 billion. On the bottom line, the average EPS estimate is $1.07.

Next year's average estimate for revenue is $54.54 billion. The average EPS estimate is $4.59.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,558 members out of 1,773 rating the stock outperform, and 215 members rating it underperform. Among 451 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 404 give United Parcel Service a green thumbs-up, and 47 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Parcel Service is outperform, with an average price target of $90.06.

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