US STOCKS-Cisco, same-store sales outlook lead futures higher

Thu Nov 5, 2009 1:19pm GMT
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* 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]

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By Rodrigo Campos

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...

 
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