2 Tech Stocks Blazing on Wall Street Before Earnings

Microsoft Corp (NASDAQ:MSFT) will unveil its latest earnings on Thursday, October 20, 2011. The average estimate of analysts is for profit of 68 cents per share, a rise of 9.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 67 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 68 cents during the last month. Analysts are projecting profit to rise by 7.5% versus last year to $2.85.

Last quarter, the company topped estimates by 0 cents, coming in at net income of 69 cents per share against a mean estimate of profit of 58 cents. The company fell in line with estimates in the third quarter of the last fiscal year. Analysts are projecting a rise of 6.5% in revenue from the year-earlier quarter to $17.25 billion.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Novell, Inc. (NASDAQ:NOVL), Oracle Corporation (NASDAQ:ORCL), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Yahoo! Inc. (NASDAQ:YHOO), Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE), Intel Corporation (NASDAQ:INTC), and Sony Corporation (NYSE:SNE).

AT&T, Inc. (NYSE:T) will unveil its latest earnings on Thursday, October 20, 2011. The average estimate of analysts is for profit of 61 cents per share, a rise of 10.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 60 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 61 cents during the last month. For the year, analysts are projecting net income of $2.38 per share, a rise of 3.9% from last year.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 60 cents per share versus a mean estimate of 59 cents. Two quarters ago, it reported net income of 57 cents per share. Analysts are projecting a rise of 0.1% in revenue from the year-earlier quarter to $31.62 billion.

Competitors to Watch: Verizon Communications Inc. (NYSE:VZ), Sprint Nextel Corporation (NYSE:S), CenturyLink, Inc. (NYSE:CTL), General Communication, Inc. (NASDAQ:GNCMA), Cbeyond, Inc. (NASDAQ:CBEY), MetroPCS Communications, Inc. (NYSE:PCS), Cincinnati Bell Inc. (NYSE:CBB), PAETEC Holding Corp. (NASDAQ:PAET), and Frontier Communications Corp (NYSE:FTR).

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