NEW YORK -- Facebook ( FB - Get Report), the social networking giant, posted third-quarter earnings that slightly beat Wall Street estimates and indicated it is making solid progress on a strategy to profitably transition users to mobile devices.

Facebook Beats, Shows Mobile Promise

AT&T ( T - Get Report) is scheduled to report its third-quarter results before Wednesday's opening bell and analysts expect earnings of 60 cents a share in the September-ended period on revenue of $31.58 billion.

Shares of the telecommunications company are up more than 15% so far in 2012, despite earnings and revenue remaining relatively flat throughout the year.

Aerospace giant Boeing ( BA - Get Report) is expected Wednesday to post third-quarter earnings of $1.13 a share on revenue of $20.03 billion

Other companies on Wednesday's earnings docket include Bristol-Myers Squibb ( BMY - Get Report), Delta Air Lines ( DAL), Eli Lilly ( LLY), EMC Corp. ( EMC), Kimberly-Clark ( KMB), US Airways ( LCC) and Zynga ( ZNGA - Get Report).

Netflix ( NFLX - Get Report), the streaming content and DVD rental company, said Tuesday it expects to increase its U.S. streaming subscriber base to a range of 26.4 million to 27.1 million in the fourth quarter, implying potential growth of 5.2% to 8% from its current base of 25.1 million, which came in at the low end of its outlook of 24.9 million to 25.7 million.

Buffalo Wild Wings, Facebook: After-Hours Trading

Gilead Sciences ( GILD - Get Report) raised product sales guidance Tuesday for the rest of 2012 and said demand was high for a new HIV medicine launched just two months ago. Earnings in the third quarter also topped Wall Street expectations.

Gilead Raises Sales Guidance, Talks Up Strong HIV Drug Launch

SiriusXM Radio ( SIRI - Get Report) said Tuesday that CEO Mel Karmazin plans to step down in February 2013.

-- Written by Joseph Woelfel

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