Aerospace looked set to be the theme of Wednesday's session, after the parent company of Airbus lifted earnings guidance for the year and Boeing Co. was set to announce second-quarter results. European Aeronautics Defense & Space Co. said second-quarter net income rose 47%, driven by gains at 80%-held Airbus. Boeing is expected to announce earnings of 61 cents a share on revenue of $14.49 billion, according to analysts polled by Thomson First Call. More broadly, S&P futures were flat while Nasdaq 100 futures were off a point. Data on June new home sales and durable goods orders were ahead, as well as petroleum inventory data. Crude oil futures were off 23 cents to $58.97 in early trade. PepsiAmericas Inc., the No. 2 bottler of Pepsi drinks, reported second-quarter net income rose 18% on 12% higher revenue. Earnings reached $72.6 million, or 53 cents a share, from $61.7 million, or 43 cents, in the year-earlier quarter. The consensus estimate of analysts surveyed by Thomson First Call was 46 cents. Sales reached $1.02 billion from $909.7 million. The current quarter included a 6-cents-a-share benefit from settlement of litigation over high-fructose corn syrup. Worldwide selling prices rose 3.9%. On a constant-territory basis, worldwide volume rose 1.9%. Sales in the U.S. grew 11% to $862.6 million. PepsiAmericas lifted its full-year outlook by a nickel a share, to an estimate of $1.38 to $1.41 a share.