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For healthcare services and information technology company McKesson Corp. (MCK), which is slated to report first-quarter results at 4:00pm ET, analysts are expecting earnings of $0.86 per share and revenues of $26.78 billion. While releasing fourth-quarter numbers, the company said it expects fiscal 2010 earnings in the range of $3.90 - $4.05 per share, while analysts currently anticipate earnings of $3.99 per share. Distribution solutions revenue is expected to be up modestly, with technology solutions revenue growing at similar levels to fiscal 2009.

As the weak customer traffic continues and order size for office supplies remains average, analysts are expecting the office supplies retailer Office Depot Inc. (ODP) to report a loss of $0.12 per share on revenues of $2.88 billion. The company is scheduled to release second-quarter results before the market opens on July 28.

Oilfield services company Smith International Inc. (SII) will issue forth second-quarter results before the market opens, with analysts projecting earnings of $0.22 per share, on revenues of $2.01 billion.

Tougher-than-expected business environment, investments in price and higher levels of promotional spending battered first-quarter same-store sales and net earnings for Supervalu Inc. (SVU). The grocery stores operator will mete out first-quarter scorecard on July 28, as analysts expect the company to report earnings of $0.53 per share, on revenues of $12.82 billion. In the year-ago quarter, the company posted earnings of $0.76 per share, on net sales of $13.35 billion. On June 24, the Eden Prairie, Minnesota-based firm said it anticipates first-quarter earnings to be "substantially" below the consensus of the Wall Street analysts. Analysts at that time had expected earnings of $0.65 per share for the first quarter.

Industrial conglomerate Textron Inc. (TXT) is expected to incur a loss of $0.01 per share on revenues of $2.62 billion for the second quarter. The results are due to be released before the market opens on July 28. For fiscal 2009, Textron currently expects earnings from continuing operations, excluding special charges, to range between $0.45 and $0.75 per share, on revenues of about $11.0 billion. Analysts expect the company to report earnings of $0.22 per share on revenue of $10.53 billion for the year. Earlier, the company estimated earnings from continuing operations, excluding special charges, in the range of $1.00 - $1.50 per share, and revenues of about $12.5 billion.

Advertising and marketing services provider Interpublic Group of Companies Inc. (IPG) will publicize second-quarter scorecard before the market opens, with analysts forecasting earnings of $0.10 per share on revenues of $1.60 billion.

Book publisher McGraw Hill Companies (MHP) will readout second-quarter numbers before the market opens on July 28, with analysts projecting earnings of $0.55 per share on revenues of $1.54 billion. Most recently, the New York- based company said it initiated several measures, including realignment of select business operations and a workforce reduction of about 550 positions, in an effort to strengthen core offerings and help manage costs.

McGraw-Hill is expected to incur pre-tax restructuring charge, primarily severance related charges, of about $24.3 million. For fiscal year 2009, the company continues to expect ongoing earnings within a range of $2.20 - $2.30 per share, while it currently expects revenue to decline 4.0% - 5.0% compared to earlier forecast of a decrease of 1.0% - 2.0%.

The lineup of companies to issue forth financial results Tuesday include United States Steel Corp. (X), BE Aerospace (BEAV), BP plc (BP), Canon (CAJ), Celanese Corp. (CE), Check Point Software Technologies (CHKP), Integrated Device Technology (IDTI), STMicroelectronics (STM), Teva Pharmaceutical (TEVA), Rockwell Automation (ROK), Ecolab Inc. (ECL), Coventry Health Care Inc. (CVH).

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