Costco Wholesale ( COST) said Thursday that same-store sales in September rose 6%. Total sales jumped 8% to $9.31 billion. Other retailers, including Target ( TGT), Kohl's ( KSS), TJX ( TJX) and Macy's ( M), are expected to issue monthly sales reports Thursday.
Applied Materials ( AMAT) said it plans to cut its global work force by 900 to 1,300 positions, or 6% to 9%, as part of its restructuring program. The chipmaker said it expects to record related charges of $180 million to $230 million.
Marriott International ( MAR), the hotel operator, said Thursday that it earned $143 million, or 44 cents a share, in the three months ended in September; analysts were expecting profit of 40 cents. Revenue totaled $2.79 billion, also beating the average analyst forecast of $2.65 billion, with revenue per available room rising 6% worldwide and 7% in North America from year-earlier levels.
Earnings expected Thursday include International Speedway ( ISCA), Robbins & Meyers ( RBN), and Sycamore Networks ( SCMR).
Nuvasive ( NUVA), the San Diego-based medical device maker, issued weak revenue guidance, saying it sees third-quarter revenue of $147 million vs. its prior projection for a flat performance from its second-quarter total of $154.4 million. Apple's iPad Mini: What It Means for Investors
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel