Time Warner reported adjusted earnings of 60 cents a share on revenue of $7.03 billion in the year-earlier quarter.
MasterCard (MA - Get Report), the credit card processor, is scheduled to report second-quarter results before Wednesday's opening bell and analysts expect earnings of $5.58 a share on revenue of $1.88 billion. MasterCard has beaten the consensus view in eight straight quarters with an average upside surprise of 7.4%.
Avon (AVP - Get Report), the cosmetics company, is seen posting a second-quarter profit of 21 cents a share on revenue of $2.68 billion. Apple iPhone 5: Reading the Tea Leaves
Harley-Davidson (HOG - Get Report) is expected by analysts Wednesday to post quarterly earnings of $1.05 a share on sales of $1.64 billion.
BMC Software (BMC) on Tuesday reported below-consensus quarterly results. The software maker's revenue came in at $504.4 million, flat compared to the same period last year, or up 2% on a constant currency basis. Analysts were looking for revenue of $521.8 million. Excluding items, BMC earned 65 cents a share, down from 72 cents a share a year earlier, and below the average analysts' estimate of 74 cents. BMC Feels Macro, Currency Pressures
True Religion Apparel (TRLG) on Tuesday lowered its financial forecast for the full year, saying it now sees earnings of $1.80 to $1.86 a share on revenue ranging from $450 million to $455 million for fiscal 2012. Analysts forecast profit of $1.97 a share on revenue of $467.8 million.
-- Written by Joseph Woelfel
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