Time Warner Cable (NYSE: TWC) reported earnings on Aug. 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Time Warner Cable met expectations on revenues and beat slightly on earnings per share.

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

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

Revenue details
 Time Warner Cable chalked up revenue of $5.55 billion. The 27 analysts polled by S&P Capital IQ predicted revenue of $5.58 billion on the same basis. GAAP reported sales were 2.7% higher than the prior-year quarter's $5.40 billion.

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 $1.69. The 27 earnings estimates compiled by S&P Capital IQ anticipated $1.66 per share. Non-GAAP EPS of $1.69 for Q2 were 14% higher than the prior-year quarter's $1.48 per share. GAAP EPS of $1.64 for Q2 were 15% higher than the prior-year quarter's $1.43 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 53.8%, 40 basis points worse than the prior-year quarter. Operating margin was 21.9%, 40 basis points better than the prior-year quarter. Net margin was 8.7%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $5.56 billion. On the bottom line, the average EPS estimate is $1.69.

Next year's average estimate for revenue is $22.25 billion. The average EPS estimate is $6.54.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 194 members out of 239 rating the stock outperform, and 45 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Time Warner Cable a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Time Warner Cable is outperform, with an average price target of $103.16.

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