MasterCard (NYSE: MA) reported second quarter earnings that blew out Wall Street expectations and shares are jumping this morning on the back of the better than expected report.

After the earnings beat, shares are up more than 7% this morning on the strong quarter, and it appears the conference call is going well, with MasterCard having positive comments about the direction of the business.

Dallas, TX.-based Kimberly-Clark (NYSE: KMB) reported second quarter earnings this morning that handily beat Wall Street expectations, despite higher commodity prices for its products.

The company reported earnings of $1.18 per share on $5.26 billion in revenues. Wall Street analysts were expecting $1.15 per share on $5.13 billion in revenues.

Cloud computing is here to stay, there is no question about it. It affects almost everyone's lives, whether you use Google (NASDAQ: GOOG) Docs, iTunes, Dropbox, movies, video games or any other type of content.

Get ready for Yum! Brands earnings! Don't be the last to know: Yum! Brands (NYSE: YUM) announces its next round of earnings this Wednesday, July 13, 2011.

Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for this Wednesday's second quarter earnings announcement.