AT&T Inc profit estimates reports july 24 2012 Stock Market Today Shares, gold , mortgage rates

AT&T earning estimates reports july 24 2012 : AT&T Inc., the largest telecommunications company in the U.S., reports second-quarter results Tuesday before the stock market opens.

Shares of AT&T (T) have climbed 17.3% over the last three months to close at $36.19 on July 18, 2012. The company is looking to keep that trend going when it releases its second quarter results on Tuesday, July 24, 2012.

Analysts are expecting AT&T to report earnings of 63 cents per share, up 5% from a year ago when it reported earnings of 60 cents per share.

The consensus estimate remains unchanged over the past month, but it has increased from three months ago when it was 62 cents. Analysts are expecting earnings of $2.37 per share for the fiscal year. Revenue is projected to be 0.7% above the year-earlier total of $31.5 billion at $31.73 billion for the quarter. For the year, revenue is projected to roll in at $127.7 billion.

Revenue increased in the last two quarters. In the most recent quarter, revenue rose 1.8% year-over-year to $31.82 billion. The quarter before that, it rose 3.6%.

Most analysts think investors should stand pat on AT&T, with 18 of 30 analysts rating it hold. Analysts have become more optimistic about the stock recently and the number of buy ratings has risen slightly over the past three months.

WHAT'S EXPECTED:

Analysts polled by FactSet expect earnings of 63 cents per share on revenue of $31.7 billion.

LAST YEAR'S QUARTER:

AT&T earned 60 cents per share on revenue of $31.5 billion.

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