A.T. Cross (Nasdaq: ATX) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q2), A.T. Cross met expectations on revenues and beat expectations on earnings per share.

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

Gross margins expanded, operating margins shrank, net margins dropped.

Revenue details
A.T. Cross reported revenue of $53.5 million. The four analysts polled by S&P Capital IQ predicted a top line of $53.8 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $48.8 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 $0.37. The three earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. Non-GAAP EPS of $0.37 for Q2 were 32% higher than the prior-year quarter's $0.28 per share. GAAP EPS of $0.24 for Q2 were 14% lower than the prior-year quarter's $0.28 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 58.4%, 140 basis points better than the prior-year quarter. Operating margin was 9.0%, 240 basis points worse than the prior-year quarter. Net margin was 5.8%, 170 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $40.3 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $179.4 million. The average EPS estimate is $0.78.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 54 members out of 60 rating the stock outperform, and six members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give A.T. Cross a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on A.T. Cross is buy, with an average price target of $16.00.

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