Also, don’t forget to check out our third quarter 2009, fourth quarter 2009 and first quarter 2010 wrap up pages.

AT&T (NYSE: T)

Earnings Report

Highlights:

• $0.68 diluted EPS compares with $0.54 diluted EPS in the second quarter of 2009, up 25.9 percent; up 13.0 percent excluding a $0.07 one-time gain from a Telmex Internacional stock transaction
• $30.8 billion second-quarter consolidated revenues from continuing operations, up $194 million, or 0.6 percent, versus the year-earlier period and up $278 million, or 0.9 percent, sequentially
• Consolidated operating margin expansion to 19.8 percent, up from 18.0 percent in the year-earlier quarter
• 3.2 million iPhone activations in second quarter, a company record
• 32.0 percent growth in wireline consumer IP data revenues driven by AT&T U-verse^® expansion; first-ever billion-dollar revenue quarter for AT&T U-verse services
• 209,000 net gain in AT&T U-verse TV subscribers to reach 2.5 million in service, with continued high broadband and voice attach rates
• 15.8 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services

Related:
AT&T’s Q2: IPTV, business services save the wireline day

BT (NYSE: BT)

Earnings Report

Highlights:

• Revenue of £5,006m, down 4%
• Operating costs reduced by £291m
• Adjusted EBITDA of £1,399m, up 6% 
• Adjusted profit before tax of £446m, up 17%
• Adjusted earnings per share of 4.4p, up 16%, reported earnings per share of 3.7p, up 32%
• Free cash flow of £415m, up £537m
• Net debt of £8.9bn, down by more than £1.6bn
• Fiber roll out passes over 1.5m UK premises in July
• Full year outlook remains unchanged

Related:
BT holds down operating costs in first quarter to realize 33% net profit

Global Crossing (Nasdaq: GLBC)

Earnings report

• ‘Invest and grow’ revenue of $555 million, a sequential increase of 2 percent in constant currency terms
• OIBDA of $93 million, a sequential increase of 22 percent in constant currency terms
• Free Cash Flow use of $13 million, an improvement of $59 million sequentially and essentially flat year over year
• Significant sequential progress toward achievement of 2010 guidance

Related:
Global Crossing’s consolidated revenue takes a Q2 dip

Level 3 Communications (Nasdaq: LVLT)

Earnings report

• Core Network Services revenue grew 1.3 percent sequentially on a constant currency basis*
• Consolidated Revenue of $908 million
• Communications Gross Margin increased to 59.9 percent from 59.1 percent in the second quarter 2009 and 58.8 percent in the first quarter 2010
• Consolidated Adjusted EBITDA grew to $209 million from $200 million in the prior quarter
• Sales for Core Network Services increased for third consecutive quarter
• Wholesale Core Network Services revenue grew 2 percent sequentially*
• Large Enterprise and Federal Core Network Services revenue grew 4 percent sequentially and 15 percent year-over-year

Related:
Level 3 narrows losses in Q2, but results disappoint analysts

Qwest (NYSE: Q)

Earnings will be reported on Wednesday, Aug. 4.

Qwest’s website

SureWest (Nasdaq: SURW)

Earnings Report

Highlights:

• Fifth consecutive quarter of positive free cash flow, at $4 million for six months ended June 30, 2010 compared to $500,000 in same period last year;
• Broadband segment grew 7 percent year-over-year to $43 million;
• Telecom revenues fell just 1 percent over Q1 2010, at $17.4 million but is down 15 percent year-over-year

Related:
SureWest boosts broadband in Q2 but telecom revenue continues slide

TeliaSonera (Stockholm: TLSN.ST)

Earnings report

• Net sales decreased 1.7 percent to SEK 26,964 million (27,424). Net sales in local currencies and excluding acquisitions increased 3.3 percent.
• The addressable cost base in local currencies and excluding acquisitions decreased 1.9 percent.
  EBITDA, excluding non-recurring items, increased 1.9 percent to SEK 9,214 million (9,043) and the margin to 34.2 percent (33.0). The increase in local currencies and excluding acquisitions was 6.5 percent.
• Operating income, excluding non-recurring items, decreased to SEK 7,943 million (8,176) as higher EBITDA, excluding non-recurring items, was more than offset by lower contribution from associated companies.
• Net income attributable to owners of the parent company increased to SEK 5,238 million (4,469) and earnings per share to SEK 1.17 (1.00).
• Free cash flow increased by 26.5 percent to SEK 3,930 million (3,106).
• During the quarter the number of subscriptions grew by 2.5 million, of which 1.8 million new subscriptions in the consolidated operations and 0.7 million in the associated companies, totaling 152.4 million.
• Group outlook for 2010 has been revised. Growth in net sales in local currencies and excluding acquisitions for 2010 is expected to be in line with the first half of 2010. The CAPEX-to-sales ratio is expected to be approximately 14-15 percent in 2010.

Related:
TeliaSonera profits up on lower revenues; IPTV subs bump up 19K

Verizon (NYSE: VZ)

Earnings Report

Highlights:

• $9.8 billion in cash flow from operations during 2Q 2010, up 29.8 percent from 2Q 2009; $5.5 billion in free cash flow (non-GAAP), up 76.7 percent.
• A loss of 7 cents per share, including 65 cents of earnings per share in adjustments, compared with 2Q 2009 EPS of 52 cents.
• 196,000 net FiOS Internet and 174,000 net FiOS TV customer additions; 3.8 million total FiOS Internet customers and 3.2 million total FiOS TV customers.
• 11.4 percent increase in consumer ARPU from 2Q 2009; total broadband and video revenues of $1.8 billion, up 20.1 percent from 2Q 2009.
• 6.2 percent increase in strategic business services revenues; total global enterprise revenues up 0.6 percent from 2Q 2009.

Related:
Verizon’s Q2 wireline losses offset by broadband, business service gains