Earning Reports to Watch Wednesday

Microsoft  (MSFT) - Get Microsoft Corporation Report and telecom giant AT&T  (T) - Get AT&T Inc. Report both posted stronger-than-expected earnings in their latest quarter on Tuesday and Wednesday, respectively.

The software giant generated $51.73 billion in revenue with adjusted earnings per share pegged at $2.48.

Related: Microsoft Stock Leaps After Cloud Sales Outlook Supports Q2 Earnings Beat

On the other hand, AT&T's stock slid despite a good quarter.

Related: AT&T Stock Slides After Q4 Earnings, Outlook; HBO Subscribers Near 74 Million

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