Teledyne Technologies (NYSE: TDY) reported earnings on July 25. Here are the numbers you need to know.

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

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

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

Revenue details
Teledyne Technologies booked revenue of $601.0 million. The eight analysts polled by S&P Capital IQ predicted revenue of $575.0 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $518.5 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 $1.13. The six earnings estimates compiled by S&P Capital IQ forecast $1.08 per share. GAAP EPS of $1.13 for Q2 were 6.6% higher than the prior-year quarter's $1.06 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 36.2%, 240 basis points better than the prior-year quarter. Operating margin was 10.8%, 100 basis points worse than the prior-year quarter. Net margin was 7.1%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $600.1 million. On the bottom line, the average EPS estimate is $1.15.

Next year's average estimate for revenue is $2.38 billion. The average EPS estimate is $4.56.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 379 members out of 389 rating the stock outperform, and 10 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Teledyne Technologies a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teledyne Technologies is outperform, with an average price target of $79.00.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.