Earnings Preview: Apple Inc (AAPL), United Parcel Service Inc (UPS), AT&T Inc (T)

Expectations for Apple Inc. (Nasdaq:AAPL) this earnings season is tempered. The tech giant will be reporting its third-quarter results on Tuesday and analysts are looking for a year-over-year decline in earnings. Revenue may fall flat, too. Blame the weaker iPhone sales.

Should Apple report a decrease in earnings per share growth for the second quarter, it will mark the third consecutive quarter that Apple has reported a year-over-year decline in EPS. One of the reasons for the decrease in expected earnings for Apple is the projected year-over-year declines in sales for both the iPhone (a drop of 3 percent) and iPad (a decline of 14 percent) product segments for the second quarter, according to FactSet.

Nearly a fifth of companies in the Standard & Poor’s 500-stock index have reported earnings for the second quarter, and things are already looking bleak.

Earnings for S&P 500 companies are on track to grow 1.5 percent from the previous year. That’s solidly below the 4.1 percent of growth analysts expected at the beginning of the quarter.

Of the 82 companies that have reported so far, 74 percent have beat analyst estimates for their earnings. Sales are on track to grow a relatively meager 0.9 percent this quarter, but that marks a sequential improvement from their 0.1 percent first-quarter decline.

We ran a screen and produced a list of 24 notable companies set to report their earnings on Tuesday, July 23. We've highlighted their expected reporting dates and times, along with analysts' earnings-per-share (fully reported) and revenue estimates from Reuters, as well as the stocks' year-to-date performances.

Tuesday Before Markets Open, or BMO:

TD Ameritrade Holding Corp. (NYSE:AMTD) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisers. The company has a market capitalization of $14.15 billion. It's expected to report FY 2013 third-quarter EPS of 31 cents on revenue of $705.77 million, compared with a profit of 28 cents per share on revenue of $667.27 million in the year-ago period. TD Ameritrade is trading at around $25.73 per share. So far this year, the stock has gained 53.0 percent.

United Parcel Service, Inc. (NYSE:UPS) is a package delivery company that operates in the U.S. less-than-truckload industry, and the provider of global supply chain management solutions. The company has a market capitalization of $83.17 billion. It's expected to report FY 2013 second-quarter EPS of $1.14 on revenue of $13.60 billion, compared with a profit of $1.15 per share on revenue of $13.35 billion in the year-ago period. UPS is trading at around $88.05 a share. So far this year, the stock has gained 19.5 percent.

Illinois Tool Works Inc. (NYSE:ITW) is a multinational manufacturer of a diversified range of industrial products and equipment. The company has a market capitalization of $32.74 billion. It's expected to report FY 2013 second-quarter EPS of $1.09 on revenue of $4.29 billion, compared with a profit of $1.85 per share on revenue of $4.66 billion in the year-ago period. Illinois Tool Works is trading at around $72.74 a share. So far this year, the stock has gained 19.6 percent.

AK Steel Holding Corporation (NYSE:AKS) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products. The company has a market capitalization of $464.14 million. It's expected to report a loss of 34 cents per share on revenue of $1.42 billion in the second quarter of fiscal year 2013, compared with a much bigger loss of $6.55 per share on revenue of $1.54 billion in the year-ago period. AK Steel Holding is trading at around $3.40 a share. So far this year, the stock has lost 25.9 percent.

Altria Group Inc. (NYSE:MO) is engaged in the manufacture and sale of cigarettes and certain smokeless products in the U.S. The company has a market capitalization of $74.36 billion. It's expected to report FY 2013 second-quarter EPS of 63 cents on revenue of $4.62 billion, compared with a profit of 60 cents per share on revenue of $4.58 billion in the year-ago period. Altria Group is trading at around $37.01 a share. So far this year, the stock has gained 17.8 percent.

E.I. Du Pont De Nemours and Co. (NYSE:DD) is a chemical company. The company has a market cap of $52.82 billion. It's expected to report FY 2013 second-quarter EPS of $1.20 on revenue of $10.01 billion, compared with a profit of $1.48 per share on revenue of $9.92 billion in the year-ago period. DuPont is trading at around $57.38 a share. So far this year, the stock has gained 27.6 percent.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is an international mining company. The company has a market cap of $26.69 billion. It's expected to report FY 2013 second-quarter EPS of 53 cents on revenue of $4.33 billion, compared with a profit of 74 cents per share on revenue of $4.48 billion in the year-ago period. Freeport-McMoRan Copper & Gold is trading at around $28.12 a share. So far this year, the stock has lost 17.9 percent.

Lockheed Martin Corp. (NYSE:LMT) is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products. The company has a market cap of $36.97 billion. It's expected to report FY 2013 second-quarter EPS of $2.20 on revenue of $11.12 billion, compared with a profit of $2.38 per share on revenue of $11.92 billion in the year-ago period. Lockheed Martin is trading at around $115.39 a share. So far this year, the stock has gained 25.0 percent.

MGIC Investment Corp. (NYSE:MTG) is a private mortgage insurer. The company has a market cap of $2.25 billion. It's expected to report a loss of 16 cents per share in the second quarter of fiscal year 2013 on revenue of $266.21 million, compared with a loss of $1.36 per share on revenue of $321.09 million in the year-ago period. MGIC Investment is trading at around $6.65 a share. So far this year, the stock has gained 4.0 percent.

Peabody Energy Corporation (NYSE:BTU) is a coal company. The company has a market capitalization of $4.52 billion. It's expected to report a loss of 3 cents per share on revenue of $1.82 billion in the second quarter of fiscal year 2013, compared with a profit of 75 cents per share on revenue of $2.00 billion in the year-ago period. Peabody Energy is trading at around $16.75 a share. So far this year, the stock has lost 37.1 percent.

Regions Financial Corp. (NYSE:RF) is a financial holding company. The company has a market cap of $14.46 billion. It's expected to report FY 2013 second-quarter EPS of 21 cents on revenue of $1.31 billion, compared with a profit of 20 cents per share on revenue of $1.33 billion in the year-ago period. Regions Financial is trading at around $10.23 a share. So far this year, the stock has gained 43.5 percent.

The Wendy's Co (Nasdaq:WEN) is a quick-service restaurant company in the hamburger sandwich segment. The company has a market cap of $2.68 billion. It's expected to report FY 2013 second-quarter EPS of 6 cents on revenue of $655.94 million, compared with a loss of 1 cent per share on revenue of $645.87 million in the year-ago period. Wendy’s is trading at around $6.81 a share. So far this year, the stock has gained 24.0 percent.

The Travelers Cos. Inc. (NYSE:TRV) is engaged in providing a range of commercial and personal property and casualty insurance products and services. The company has a market cap of $31.82 billion. It's expected to report FY 2013 second-quarter EPS of $1.67 on revenue of $5.97 billion, compared with a profit of $1.26 per share on revenue of $5.87 billion in the year-ago period. Travelers is trading at around $84.53 a share. So far this year, the stock has gained 17.7 percent.

United Technologies Corp. (NYSE:UTX) provides high-technology products and services to the building-systems and aerospace industries worldwide. The company has a market cap of $93.16 billion. It's expected to report FY 2013 second-quarter EPS of $1.57 on revenue of $16.37 billion, compared with a profit of $1.47 per share on revenue of $13.81 billion in the year-ago period. United Technologies is trading at around $101.34 a share. So far this year, the stock has gained 23.6 percent.

Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company. The company has a market capitalization of $18.66 billion. It's expected to report FY 2013 second-quarter EPS of $1.10 on revenue of $30.18 billion, compared with a profit of $1.50 per share on revenue of $34.66 billion in the year-ago period. Valero Energy Corporation is trading at around $34.22 a share. So far this year, the stock has gained 0.3 percent.

Tuesday After Markets Close, or AMC:

Altera Corp. (NASDAQ:ALTR) is a global semiconductor company. The company has a market cap of $11.42 billion. It's expected to report FY 2013 second-quarter EPS of 31 cents on revenue of $420.90 million, compared with a profit of 50 cents per share on revenue of $464.83 million in the year-ago period. Altera is trading at around $35.66 a share. So far this year, the stock has gained 3.7 percent.

Apple Inc. (Nasdaq: AAPL) is engaged in designing, manufacturing, and marketing mobile communication and media devices, personal computers, and portable digital-music players. The company has a market cap of $405.89 billion. It's expected to report FY 2013 third-quarter EPS of $7.30 on revenue of $35.09 billion, compared with a profit of $9.32 per share on revenue of $35.02 billion in the year-ago period. Apple is trading at around $431.76 a share. So far this year, the stock has lost 18.9 percent.

AT&T Inc. (NYSE:T) is a provider of telecommunications services in the U.S. and worldwide. The company has a market cap of $193.81 billion. It's expected to report FY 2013 second-quarter EPS of 69 cents on revenue of $31.82 billion, compared with a profit of 66 cents per share on revenue of $31.58 billion in the year-ago period. AT&T is trading at around $35.74 a share. So far this year, the stock has gained 6.0 percent.

Broadcom Corporation (Nasdaq:BRCM) is a global semiconductor solution for wired and wireless communications. The company has a market capitalization of $19.21 billion. It's expected to report FY 2013 second-quarter EPS of 38 cents on revenue of $2.10 billion, compared with a profit of 28 cents per share on revenue of $1.97 billion in the year-ago period. Broadcom is trading at around $33.64 a share. So far this year, the stock has gained 1.3 percent.

Discover Financial Services (NYSE:DFS) is a direct banking and payment services company. The company has a market capitalization of $24.83 billion. It's expected to report FY 2013 second-quarter EPS of $1.15 on revenue of $2.01 billion, compared with a profit of $1 per share on revenue of $1.85 billion in the year-ago period. Discover Financial Services is trading at around $50.58 a share. So far this year, the stock has gained 31.2 percent.

Electronic Arts Inc. (Nasdaq:EA) develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (platforms). The company has a market capitalization of $7.25 billion. It's expected to report FY 2014 first-quarter EPS of 37 cents on revenue of $453.92 million, compared with a profit of 63 cents per share on revenue of $491.00 million in the year-ago period. Electronic Arts is trading at around $24.16 a share. So far this year, the stock has gained 66.4 percent.

Nabors Industries Ltd. (NYSE:NBR) is the land drilling contractor and land well-servicing and workover contractors in the U.S. and Canada. The company has a market capitalization of $4.62 billion. It's expected to report FY 2013 second-quarter EPS of 12 cents on revenue of $1.50 billion, compared with a loss of 25 cents per share on revenue of $1.61 billion in the year-ago period. Nabors Industries is trading at around $15.69 a share. So far this year, the stock has gained 8.6 percent.

Norfolk Southern Corp. (NYSE:NSC) is a Virginia-based company that controls a railroad, Norfolk Southern Railway Co. The company has a market cap of $24.46 billion. It's expected to report FY 2013 second-quarter EPS of $1.50 on revenue of $2.85 billion, compared with a profit of $1.60 per share on revenue of $2.87 billion in the year-ago period. Norfolk Southern is trading around $77.64 a share. So far this year, the stock has gained 25.6 percent.

RF Micro Devices Inc. (Nasdaq:RFMD) is engaged in the design and manufacture of radio-frequency components and compound semiconductor technologies. The company has a market cap of $1.46 billion. It's expected to report FY 2014 first-quarter EPS of 1 cent on revenue of $287.93 million, compared with a loss of 7 cents per share on revenue of $202.66 million in the year-ago period. RF Micro Devices is trading at around $5.20 a share. So far this year, the stock has gained 16.1 percent.