BOSTON (TheStreet) -- Here are the top stock market headlines for the morning of Thursday, August 12, 2010.

Thursday's Earnings Roundup

  • Cisco Systems (CSCO) - Get Report late Wednesday reported fiscal fourth-quarter earnings of 43 cents a share on revenue of $10.8 billion, compared to analysts' forecasts for a profit of 42 cents a share on revenue of $10.88 billion. Cisco said it expects fiscal first-quarter revenue to rise 18% to 20% from a year ago, which would come in below the Thomson Reuters consensus estimate of $10.95 billion.
  • Kohl's (KSS) - Get Report said it had second-quarter earnings of 84 cents a share on revenue of $4.1 billion, coming in ahead of the Thomson Reuters consensus estimate for earnings of 82 cents a share and revenue of $4.09 billion. However, Kohl's said it expects third-quarter earnings of 57 cents to 63 cents a share, below the average estimate for earnings of 74 cents a share. Revenue guidance for the third quarter and earnings and revenue guidance for the fourth quarter were in line with analysts' forecasts.
  • Sara Lee (SLE) posted fiscal fourth-quarter adjusted earnings of 19 cents a share on revenue of $2.8 billion, compared to estimates for earnings of 16 cents a share on sales of $2.86 billion. For the next fiscal year, Sara Lee said it expects adjusted earnings from continuing operations of 88 cents to 95 cents a share on revenue of $11.2 billion to $11.5 billion, compared to estimates for earnings of 94 cents a share and revenue of $10.97 billion.
  • Wendy's/Arby's Group (WEN) - Get Report said it had second-quarter earnings of 3 cents a share on revenue of $877 million, below the consensus estimate for earnings of 5 cents a share on sales of $887 million. For the full year, Wendy's/Arby's says it expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to fall 3% to 5%. The company's prior outlook was for adjusted EBITDA growth in the low to mid single-digits.

Thursday's Early Headlines

  • Jobless Claims Rise by 2,000 to 484,000 -- The Labor Department said initial jobless claims rose by 2,000 last week to 484,000. The previous week's claims number was revised higher by 3,000 to 482,000. The four-week moving average was 4.57 million, an increase of 25,750 from the prior week's revised 4.55 million.
  • GM May File for IPO Friday: Report -- General Motors and its underwriters may file a preliminary prospectus for the automaker's initial public offering Friday, CNBC reported late Wednesday. The actual pricing of the deal likely won't happen for several months, although GM's offering it is likely to set a record, according to CNBC. Citing a person familiar with the plan, Bloomberg reports that GM is seeking to raise $12 billion to $16 billion in an initial public offering. The report came as GM reported second-quarter net income of $1.3 billion, its second consecutive profitable quarter and better than analysts had forecasted. Revenue was $33.2 billion, up from $31.5 billion in the first quarter.
  • Barnes & Noble vs. Burkle: Truce? -- Barnes & Noble (BKS) - Get Report is expected to settle a lawsuit filed by billionaire investor Ron Burkle and avoid a proxy battle, The Wall Street Journal reports. The book seller will add two independent directors to its board and give another seat to Burkle's firm, Yucaipa, the report said, citing sources familiar with the matter. In exchange, Burkle would end his proxy battle.

-- Written by Robert Holmes in Boston

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