Jones Lang LaSalle (NYSE: JLL) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Jones Lang LaSalle met expectations on revenues and whiffed on earnings per share.

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

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

Revenue details
Jones Lang LaSalle recorded revenue of $989.4 million. The six analysts polled by S&P Capital IQ looked for revenue of $982.6 million on the same basis. GAAP reported sales were 7.4% higher than the prior-year quarter's $921.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $1.15. The six earnings estimates compiled by S&P Capital IQ predicted $1.42 per share. Non-GAAP EPS of $1.15 for Q2 were 1.8% higher than the prior-year quarter's $1.13 per share. GAAP EPS of $1.03 for Q2 were 24% higher than the prior-year quarter's $0.83 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 100.0%, much better than the prior-year quarter. Operating margin was 7.3%, 80 basis points worse than the prior-year quarter. Net margin was 4.7%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.00 billion. On the bottom line, the average EPS estimate is $1.36.

Next year's average estimate for revenue is $4.15 billion. The average EPS estimate is $6.05.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 690 members out of 723 rating the stock outperform, and 33 members rating it underperform. Among 270 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 265 give Jones Lang LaSalle a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jones Lang LaSalle is outperform, with an average price target of $107.33.

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.