US STOCKS-Cisco, same-store sales outlook lead futures higher
* Cisco posts rise in revenue
* RIMM shares up on approved buybacks
* Costco same store sales up 5 percent, beat estimates
* For up-to-the-minute market news, click [STXNEWS/US]
(Recasts, changes quote, adds byline)
NEW YORK, Nov 5 (Reuters) - Stock index futures rose on Thursday on upbeat results from Cisco Systems and ahead of an expected pickup in October same-store sales as well as jobless claims data.
Technology bellwether Cisco Systems Inc (CSCO.O: Quote, Profile, Research) said Wednesday quarterly revenue rose more than expected, and its board authorized up to $10 billion in stock buybacks. Cisco shares rose 3.3 percent to $24.07 in premarket trading.[ID:nN04515993]
U.S. retail chains reported October sales slightly ahead of expectations as consumers' austerity eased before the holiday season. [ID:nN04548927]. Continued...
© Thomson Reuters 2009. All rights reserved. | Learn more about Thomson Reuters
