Stocks to Watch: Big earnings to watch Tuesday: Goldman, Coca-Cola

WASHINGTON (MarketWatch) � Of the handful of Dow Jones Industrial Average components scheduled to report quarterly financial results Tuesday, three handed in their third-quarter report cards: Coca-Cola Co., Johnson & Johnson and UnitedHealth Group Inc.

The other two blue chips slated to report � International Business Machines Corp. IBM and Intel Corp. INTC � will do so after Tuesday�s bell.

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Outside the 30-stock Dow DJIA , investment bank Goldman Sachs Group Inc. GS released much-anticipated results.

As of Monday, nearly 59% of the 34 S&P 500 index SPX �companies that have reported third-quarter results had beaten earnings estimates, according to Thomson Reuters. Nearly 18% reported in line with expectations as roughly 24% came in below expectations. See: Stocks face first peak of earnings season.

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Early companies of note

Third-quarter results showed Goldman Sachs swinging to a profit of $1.51 billion, or $2.85 a share, a reversal following its year-earlier loss, as revenue reached $8.35 billion. Analysts surveyed by FactSet Research had been expecting a profit of $2.19 a share on revenue of $7.24 billion. Goldman�s year-over-year revenue growth in investment banking and in fixed income, currency and commodities client execution rose by 49% and 28%, respectively. Goldman�s board also approved a 9% boost in the company�s quarterly dividend to 50 cents a share, payable Dec. 28 to stockholders of record as of Nov. 30. See more on Goldman�s results.

Johnson & JohnsonJNJ posted a lower third-quarter net profit as adjusted earnings showed a slight increase to a consensus-beating $3.52 billion, or $1.25 a share, from $3.44 billion, or $1.24 a share, in the year-earlier period. The health-care and consumer-products company�s quarterly revenue climbed to $17.05 billion from the prior year�s $16.01 billion. J&J also updated its 2012 profit outlook and now pegs earnings in a range of $5.05 to $5.10 a share; the consensus stands at $5.08 a share. See more on Johnson & Johnson�s quarterly results and outlook.

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Coca-Cola Co.KO served up a third-quarter net profit of $2.31 billion, or 50 cents a share, up from $2.22 billion, or 48 cents, earned in the same period during 2011. Earnings on an adjusted basis would have been 51 cents a share for the latest quarter, as quarterly revenue reached $12.34 billion. The consensus of estimates as compiled by FactSet had been for the beverages company to post earnings of 51 cents a share on revenue of $12.39 billion. Global volume growth came to 4% for the latest quarter. See more on Coca-Cola�s results.

Third-quarter earnings for UnitedHealth Group Inc.UNH �came in well ahead of forecast. The health-insurance giant posted quarterly earnings of $1.50 a share, up from the prior year�s $1.17 a share. The profit easily exceeded the $1.31-a-share consensus of analysts polled by Thomson Reuters. The largest U.S. managed-care provider also generated 8% revenue growth in the September quarter, to $27.3 billion. In addition, the company revised higher its 2012 profit forecast to a range of $5.20 to $5.25 a share. The company became a Dow component in late September, replacing Kraft Foods and signaling the importance of the health-care industry to the U.S. economy. See more about UnitedHealth�s results and outlook.

PNC Financial Services Group Inc.PNC tallied 11% growth in third-quarter profit, to $925 million, or $1.64 a share, from the prior year�s $834 million, or $1.55 a share. Total quarterly revenue generated by the Pittsburgh-based company rose 15% to $4.09 billion. PNC�s overall credit quality improved on a sequential basis, as reflected in a decline in nonperforming assets as well as a lower provision for credits losses.

Mattel Inc. MAT posted third-quarter net profit of $365.9 million, or $1.04 a share, up from of $300.8 million, or 86 cents, earned in the year-earlier period, as the toy maker�s sales rose 4% to $2.08 billion. Strength in other brands compensated for quarterly weakness in Barbie sales, the results showed. The FactSet-compiled consensus had been for Mattel to turn in earnings of 99 cents a share on sales of $2.07 billion. Read more on Mattel results.

Wolverine World Wide�s shares retreat on lower profit, reduced outlook.

Forest Laboratories� shares under pressure as forecast slashed for fiscal 2013.

Omnicom Group�s quarterly profit on the rise as margin widens.

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After the bell

� Intel is expected to report third-quarter earnings of 50 cents a share, a fall of 23% from the same period a year ago. Sales may drop 7% to $13.22 billion. Intel�s report will arrive following last week�s revenue warning from chip maker Advanced Micro Devices Inc. AMD , which cited weaker-than-expected demand as reason for the move. Read: Intel results on deck amid grim chip outlook.

Intel in September pulled back its own sales forecast for the third quarter because of weak demand, excess inventory, and slowing emerging-markets growth. The warnings from both Intel and AMD underscored issues facing companies that make PC components, including growing competition from tablets. See story on warnings from chip makers.

� Earnings for IBM are expected to jump 10% to $3.61 a share. But sales are expected to dip 3% to $25.39 billion.

Focal points for Big Blue�s results will likely be the software and global business services segments, �which both underperformed in the last quarter,� Stifel Nicolaus analyst David Grossman told clients on Monday.

For software, which represents 24% of IBM�s revenue, growth in the second half of the year �should benefit from improving �transactional� sales performance as the June quarter progressed,� and from $2 billion in �healthy acquisition activity,� in the first half of 2012, Grossman wrote. Stifel Nicolaus has a buy rating on IBM. Read blog post: Will Big Blue get a bounce from its earnings report?