What to Watch Tuesday: Disney and Valeant Pharmaceuticals Report Earnings

On Tuesday, August 9, investors will keep an eye on quarterly results from The Walt Disney Company (DIS) - Get Report and Valeant Pharmaceuticals (VRX) . Analysts expect the entertainment company to post earnings of $1.61 a share on sales of $14.15 billion. During the same quarter a year ago, the company reported earnings of $1.45 a share with sales of $13.1 billion. Investors will focus on ESPN subscriber data. Disney's earnings are expected after the markets close on Tuesday. Other notable earnings set to be released Tuesday include Valeant Pharmaceuticals and Whitewave Foods (WWAV) , due out before the markets open and Yelp (YELP) - Get Report , expected to be released after the markets close. On the economic calendar, the small business optimism index for July is released at 6am Eastern, followed by second quarter productivity and labor costs figures at 8:30am. TheStreet's Scott Gamm reports from Wall Street.