Notable Earnings To Watch On July 24 - ORLY, T, BA, BSX, GD

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AT&T Inc. (T)
AT&T Inc. (T)

Telecom giant AT&T Inc. (T) is set to report its quarterly results before 7 am ET on Wednesday, July 24. Wall Street analysts expect earnings of $0.89 per share and revenue of $44.85 billion for the second quarter.

Year-Ago Numbers:

* Consolidated Revenues - $39.0 Bln
* Net Income - $5.1 Bln
* EPS - $0.81
* Adj. EPS - $0.91.

Recent Happenings:

July 17, AT&T and Microsoft announced a strategic alliance, under which Microsoft will be the preferred cloud provider for non-network applications of AT&T. As part of the company's broader public cloud first strategy, AT&T plans to migrate non-network infrastructure applications to the Microsoft Azure cloud platform. AT&T will improve its cloud-based productivity by providing much of its workforce with Microsoft 365. AT&T expects to have nationwide 5G by the first half of 2020. Microsoft will assist AT&T in this by providing design, test, and build edge-computing capabilities.

July 16, IBM (IBM) and AT&T Inc. have entered into a multi-year strategic alliance. Under the partnership, IBM will be the primary developer and cloud provider for AT&T Business's operational applications. IBM will make AT&T Business its primary provider of software defined networking. Using latest technologies including 5G, Edge Compute, and IOT, AT&T Business will help transform IBM's networking solutions.