NEW YORK ( TheStreet) -- U.S. stock futures are rising Tuesday ahead of earnings reports from the likes of Goldman Sachs (GS - Get Report), Johnson & Johnson (JNJ - Get Report) and Coca-Cola (KO - Get Report), IBM (IBM - Get Report) and Intel (INTC).
European shares were rebounding from losses the previous trading day while Asian stocks finished Tuesday lower. Japan's Nikkei 225 index fell less than 0.1% to close at 9,464.71.
The economic calendar in the U.S. Tuesday includes housing starts and building permits for March at 8:30 a.m. EDT, and industrial production and capacity utilization for March at 9:55 a.m.
Coca-Cola (KO - Get Report), the beverage giant, is expected by analysts Tuesday to post first-quarter profit of 88 cents a share on revenue of $10.82 billion. Goldman Sachs (GS - Get Report) is expected by analysts to earn $3.55 a share in the first quarter on revenue of $9.45 billion.
Yahoo! (YHOO - Get Report) reports first-quarter earnings after the closing bell Tuesday, but investors' attention on the company's conference call will be turned to CEO Scott Thompson's efforts to turn around the Internet company. Thompson unveiled plans earlier this month to lay off 2,000 employees, or 14% of the work force, and realigned Yahoo! into three divisions: Consumer, (which is made up of Media, Connections and Commerce); Regions, which targets emerging markets; and Technology, which focuses on the company's infrastructure. The conference call is scheduled to begin at 5 p.m.
Japan's Toshiba reached a deal to buy IBM's point-of-sale systems operations used in retail stores, including cash registers, for about $850 million.
Research In Motion (KITD), the BlackBerry maker, is considering hiring bankers to help it weigh its strategic options.
-- Written by Joseph Woelfel
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