NEW YORK -- Media and entertainment giant Time Warner ( TWX) is expected by analysts Wednesday to post second-quarter adjusted earnings of 59 cents a share on revenue of $6.95 billion. Time Warner reported adjusted earnings of 60 cents a share on revenue of $7.03 billion in the year-earlier quarter. Why Netflix Is Not Streaming ProfitsMasterCard ( MA), 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), 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) 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 PressuresTrue 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 >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.