U.S. stock futures are trading lower Tuesday morning, but that hasn't stopped several companies from making waves with earnings reports and corporate news. Here's what's grabbing investor attention today.

Home Depot Inc. (HD) is expected to report quarterly earnings of $3.85 per share on revenue of $41.14 billion before the opening bell, according to data from Benzinga Pro. The home improvement giant's shares dipped 0.4% to $356.70 in after-hours trading as investors await the results.

Helmerich and Payne Inc. (HP) reported a fourth-quarter loss of 1 cent per share, but the drilling contractor delivered a bright spot with quarterly sales of $1.012 billion, beating the analyst consensus estimate of $973.678 million. Despite the revenue beat, shares tumbled 8.2% to $25.34 in after-hours trading.

Medical device maker Medtronic PLC (MDT) is on deck to report earnings before the market opens, with analysts expecting quarterly earnings of $1.31 per share on revenue of $8.87 billion. Medtronic shares edged up 0.1% to $96.29 in after-hours trading ahead of the release.

In merger news, Axalta Coating Systems Ltd. (AXTA) and Akzo Nobel agreed to combine in an all-stock merger of equals. The announcement sent Axalta Coating shares soaring 13.2% to $31.90 in the after-hours session, as investors digested the implications of the deal.

Finally, Aecom (ACM) is expected to post quarterly earnings of $1.34 per share on revenue of $4.31 billion before the opening bell. The infrastructure consulting firm's shares gained 0.8% to $132.99 in after-hours trading.

With multiple earnings reports hitting before the bell and futures pointing lower, Tuesday is shaping up to be a busy day for investors tracking these names.