NEW YORK ( TheStreet) -- Shares of Intel ( INTC) leapt in late trades on Thursday after the world's largest chip company topped Wall Street expectations for its fourth-quarter results and gave a bullish outlook.

The Dow component reported earnings of $3.4 billion, or 59 cents a share, for the three months ended Dec. 31, up from a year-ago equivalent profit of $3.1 billion, or 51 cents a share, and ahead of the average estimate of analysts polled by Thomson Reuters for earnings of 53 cents a share.

Revenue rose 8% year-over-year to $11.46 billion, ahead of the analysts' consensus view of $11.37 billion. For the first quarter, Intel forecast revenue of $11.5 billion, plus or minus $400 million. The current Wall Street projection is for revenue of $10.74 billion in the three-month period ending in March 2011.

Intel shares were last quoted at $21.87, up 2.7%, on volume of nearly 16 million, according to The stock is coming off a virtually flat performance in 2010 but there's still a fair amount of bullishness in the analyst community with 29 of the 50 analysts covering the shares at strong buy (13) or buy (buy).

Shares of a number of semiconductor capital equipment and other chip companies were getting a boost in late trades as well following the news, including Applied Materials ( AMAT), gaining 5.4% to $15.01 on volume of more than 930,000; KLA-Tencor ( KLAC), adding 5.6% to $41.98 on volume of around 325,000; and Micron Technology ( MU), which was rising 1.3% to $9.75 on volume of 530,000 after a strong rally in the regular session.


Shares of Coinstar ( CSTR) were getting crushed in after-hours action, plunging 25% to $42.70 on volume of 4.1 million after the Bellevue, Wash.-based operator of coin-counting machines and DVD kiosks made a deep cut to its financial outlook.

"This was redbox's first holiday season with 28-day delayed titles, and we underestimated the impact that the delay would have on demand during the fourth quarter," said Paul Davis, the company's CEO, in a statement. "We also expected much better performance from Blu-ray and had purchased to a higher level of demand. While consumer visits to the kiosks remained strong, the number of movies per visit, or basket size, was lower than planned."

Coinstar said it now sees earnings from continuing operations of 65 to 69 cents a share for the December quarter on revenue of $391 million. The company's previous view was for a profit of 79 to 85 cents a share in the quarter on revenue of $415 million to $440 million.

For fiscal 2011, the company said it expects earnings of $2.60 to $3.10 a share on revenue of between $1.7 billion to $1.85 billion, below the current average estimate of analysts polled by Thomson Reuters for a profit of $3.34 a share on revenue of $1.88 billion.

Coinstar shares more than doubled in 2010, although the stock did pull back after hitting a 52-week high of $59.43 on June 3. Expectations on Wall Street are high, however, with 12 of the 17 analysts covering the stock at strong buy (6) or buy (6) and the median 12-month price target at $68.50.

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