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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