United Parcel Service (NYSE: UPS) reported earnings on July 23. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue expanded slightly. GAAP earnings per share shrank slightly.

Gross margins grew, operating margins contracted, net margins dropped.

Revenue details
United Parcel Service reported revenue of $13.51 billion. The 22 analysts polled by S&P Capital IQ looked for sales of $13.58 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $1.13. The 28 earnings estimates compiled by S&P Capital IQ predicted $1.13 per share. GAAP EPS of $1.13 for Q2 were 1.7% lower than the prior-year quarter's $1.15 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 48.3%, much better than the prior-year quarter. Operating margin was 12.9%, 20 basis points worse than the prior-year quarter. Net margin was 7.9%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $13.65 billion. On the bottom line, the average EPS estimate is $1.16.

Next year's average estimate for revenue is $55.89 billion. The average EPS estimate is $4.77.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,608 members out of 1,822 rating the stock outperform, and 214 members rating it underperform. Among 493 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 452 give United Parcel Service a green thumbs-up, and 41 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 $92.91.

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