Market Preview: All About Apple

The other heavy hitters on the earnings front on Tuesday are Dow components AT&T(T) and duPont(DD) , along with the always entertaining Netflix(NFLX) .

After a disastrous 2011, Netflix was one of the high fliers of early 2012, peaking above $133 in February. The stock finished Monday at $79.94, still up 18% since the start of the year but down an incredible 72% from a 52-week high of $285.50 reached in July 2011.

Wall Street is looking for a profit of a nickel per share from Netflix in the June-ended period on revenue of $888.9 million. Last time around, the company handily beat the analyst view but the outlook was a big disappointment as Netflix forecast revenue ranging from $873 million to $895 million for this quarter.

The domestic subscriber growth outlook was also nothing to get overly excited about with Netflix forecasting 23.6 million to 24.2 million total U.S. subscriptions vs. the 23.2 million total it finished the first quarter with. Wall Street will be laser-focused on those subscriber numbers as well as how the international business is doing and just how fast streaming is countering the impact of the flagging DVD-by-mail business.

Even with its big comedown in the last year, Netflix shares still trade at an expensive forward P/E of 37.2X.

Elsewhere, the morning's earnings schedule features Air Products & Chemicals(APD) , AK Steel(AKS) , Altria Group(MO) , Biogen Idec(BIIB) , Ceradyne(CRDN) , Domino's Pizza(DPZ) , EMC Corp.(EMC) , Hershey Co.(HSY) , Illinois Tool Works(ITW) , Lexmark International(LXK) , Lockheed Martin(LMT) , Peabody Energy(BTU) , Regions Financial(RF) , Rockwell Collins(ROK) , Ryder System(R) , SAP(SAP) , Six Flags(SIX) , Spirit Airlines(SAVE) , Under Armour(UA) , United Parcel Service(UPS) and Whirlpool Corp.(WHR) .