United Technologies (NYSE: UTX) 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 Technologies missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew significantly.

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

Revenue details
United Technologies logged revenue of $16.01 billion. The 19 analysts polled by S&P Capital IQ predicted sales of $16.40 billion on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $13.81 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 $1.65. The 21 earnings estimates compiled by S&P Capital IQ predicted $1.57 per share. Non-GAAP EPS of $1.65 for Q2 were 4.4% higher than the prior-year quarter's $1.58 per share. (The prior-year quarter included -$0.15 per share in earnings from discontinued operations.) GAAP EPS of $1.71 for Q2 were 16% higher than the prior-year quarter's $1.47 per share. (The prior-year quarter included -$0.15 per share in earnings from discontinued operations.)

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 27.8%, 30 basis points worse than the prior-year quarter. Operating margin was 15.7%, 10 basis points better than the prior-year quarter. Net margin was 9.7%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $16.37 billion. On the bottom line, the average EPS estimate is $1.55.

Next year's average estimate for revenue is $64.53 billion. The average EPS estimate is $6.11.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,561 members out of 1,622 rating the stock outperform, and 61 members rating it underperform. Among 434 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 424 give United Technologies a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Technologies is outperform, with an average price target of $103.68.

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