VMWare, Inc. (NYSE:VMW), Norfolk Southern Corp. (NYSE:NSC), Nabors Industries Ltd. (NYSE:NBR), and KKR Financial Holdings LLC (NYSE:KFN) are each scheduled to report its financial earnings result for the second quarter of the current fiscal year on Tuesday, July 23.

Q2 Earnings

Earnings Previews:

Wall Street analysts expect VMWare, Inc. (NYSE:VMW) to report an average Non-GAAP earnings per share (EPS) of $0.77 and $1.23 billion revenue based on data compiled by Yahoo! Finance. During the previous quarter, the company posted $0.74 Non-GAAP EPS and $1.19 billion revenue.

Last quarter, VMWare, Inc. (NYSE:VMW) issued a guidance and estimated that its revenue for the second quarter will increase by 8% to 10% to around $1.21 billion to $1.24 billion. The company also expected its licensure revenues at approximately $515 million to $535 million. For the fiscal 2013, company projected to achieve around $5.12 billion to $5.24 billion revenue.

Norfolk Southern Corp. (NYSE:NSC) is expected to report weak second quarter earnings results. Analysts projected that the company will report $1.50 earnings per share, 10 percent lower than its $1.60 earnings per share in the second quarter of 2012. In terms of revenue, the company is expected to achieve $2.85 billion revenue, down from $2.87 billion revenue in the same period a year ago.

For the full fiscal 2013, analysts anticipate that Norfolk Southern Corp. (NYSE:NSC) will be able to deliver $5.59 earnings per share and $11.23 billion revenue. In 2012, the company posted $5.57 earnings per share and $11.04 billion revenue.

On the other hand, analysts at Goldman Sachs Equity Research warned investors regarding the financial performance of Nabors Industries Ltd. (NYSE:NBR) for the second quarter. The research firm downgraded its rating for the shares of the company from List-Buy to Buy and lowered its price target to $19.50 a share.

Early this month, Nabors Industries Ltd. (NYSE:NBR) issued a statement indicating that its operating results for the period will miss consensus estimates. According to the company, its lower-than-expected operating return was caused by the poor performance of its Rig Services and Completion and Productions Services units.

Wall Street analysts estimate that the company will post $0.09 earnings per share compared with its $0.38 EPS a year ago. Its revenue is expected be around $1.50 billion, down from $1.61 billion in the same period last year. For fiscal 2013, Nabor Industries is expected to deliver $0.86 EPS and $6.32 billion revenue.

Meanwhile, analysts covering  KKR Financial Holdings LLC (NYSE:KFN) expect that its earnings per share for the second quarter will decline to $0.37. During the first quarter, the company posted $0.46 diluted earnings per share.

KKR Financial Holdings LLC (NYSE:KFN) is expected to deliver an average revenue of $51.66 million for the second quarter. During the previous quarter, the company posted $140.5 million revenue. The company also declared a quarterly dividend of $0.21 per share.