Goldman, Google: Tomorrow's Headliners

NEW YORK (TheStreet) -- Goldman Sachs (GS Quote) and Google (GOOG Quote) will headline Thursday's earnings schedules, with traders hoping the major U.S. averages will continue to build on gains.

Goldman Sachs should report a quarterly profit of $4.24 a share on revenue of $11 billion, according to a poll of analysts conducted by Thomson Reuters. On Monday, bank analyst Meredith Whitney downgraded the stock to hold from buy on valuation concerns.

In addition to Goldman, Citigroup (C Quote), Nokia (NOK Quote), Harley-Davidson (HOG Quote), Safeway (SWY Quote) and Baxter (BAX Quote) will report quarterly results Thursday morning.

After the bell, Google will become the next big tech company to report earnings, following Intel's (INTC Quote) report late Tuesday. Analysts polled by Thomson Reuters expect the Internet search giant to report quarterly earnings of $5.40 a share on revenue of $4.23 billion.

IBM (IBM Quote) also reports after the closing bell Thursday, along with chipmaker Advanced Micro Devices (AMD Quote).

Away from earnings releases, traders will also have to contend with a slew of economic reports. At 8:30 a.m. EDT, the Labor Department will release weekly initial jobless claims data, while a separate report on the consumer price index for September will also be released. Jobless claims should ramp up to 525,000 from 521,000 last week.