Flotek Industries (NYSE: FTK) reported earnings on Aug. 8. Here are the numbers you need to know.

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

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

Margins expanded across the board.

Revenue details
Flotek Industries logged revenue of $78.3 million. The four analysts polled by S&P Capital IQ hoped for revenue of $79.2 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $55.9 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 $0.25. The four earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.25 for Q2 were much higher than the prior-year quarter's $0.04 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 42.2%, 240 basis points better than the prior-year quarter. Operating margin was 19.9%, 580 basis points better than the prior-year quarter. Net margin was 16.8%, 1,300 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $87.4 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $332.6 million. The average EPS estimate is $0.77.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 752 members out of 784 rating the stock outperform, and 32 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Flotek Industries a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Flotek Industries is buy, with an average price target of $16.67.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.