Applied Materials, Coinstar, Intel, Novellus, Sealy: U.S. Equity Preview

Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 5:15 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in March rose 0.1 percent to 1,283.20.

Coinstar Inc. (CSTR US) tumbled 30 percent to $39.62. The operator of Redbox DVD vending machines said fourth-quarter earnings excluding some items were no more than 69 cents a share, missing the average analyst estimate of 84 cents.

Dendreon Corp. (DNDN US) slipped 2.1 percent to $35.84. The drugmaker said it will sell $500 million of notes that can be converted into stock, and its underwriters will offer $250 million of shares.

Intel Corp. (INTC US) rose 2.8 percent to $21.88. The world’s biggest chipmaker forecast first-quarter sales of at least $11.1 billion, more than the average analyst estimate of $10.7 billion, as companies boost spending on computers and servers.

Other companies in the semiconductor industry rallied. Applied Materials Inc. (AMAT US) rose 5 percent to $14.95. Novellus Systems Inc. (NVLS US) climbed 4.1 percent to $34.15. KLA-Tencor Corp. (KLAC US) advanced 5.7 percent to $42.03.

Sealy Corp. (ZZ US) fell 1.7 percent to $2.94. The bedding manufacturer reported fourth-quarter sales of $296.6 million, missing the average analyst estimate of $318.5 million.

Shuffle Master Inc. (SHFL US) declined 5.3 percent to $10.97. The maker of casino roulette-chip sorters and card shufflers said fourth-quarter adjusted earnings were 14 cents a share, beating the average analyst estimate of 13 cents.

Sunstone Hotel Investors Inc. (SHO US): The real estate investment trust that’s forfeited 10 underwater hotels in the past two years plans to purchase $1 billion of lodging properties in 2011 to take advantage of discounts.

To contact the reporters on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net; Jennifer Johnson in New York at jjohnson156@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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