Intel Probes Potential Unauthorized Access to Earnings Report
Intel Probes Potential Unauthorized Access to Earnings Report
By Ian King
22 January 2021, 00:53 GMT
Intel headquarters in Santa Clara, California.
Intel headquarters in Santa Clara, California. Photographer: David Paul Morris/Bloomberg
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Intel Corp. is investigating whether someone gained early access to part of its earnings announcement on Thursday.
“We are investigating reports that non-authorized access may have been obtained to one graphic in our earnings material,” the chipmaker said in a statement. “Earlier today, once we became aware of these reports, we made the decision to issue our earnings announcement a brief time before the originally scheduled release time.”
Read More: Intel’s New CEO Commits to Manufacturing, Shares Fall
The company sent out its earnings report ahead of schedule. It usually releases the numbers after markets close, but this time it rushed them out about 10 minutes earlier when the stock was still trading.
The shares rallied 6.5% to close at $62.46 in New York on an upbeat forecast. But the stock fell almost 5% in extended trading after the company’s new CEO committed to in-house manufacturing during a conference call with analysts.
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By Ian King
22 January 2021, 00:53 GMT
Intel headquarters in Santa Clara, California.
Intel headquarters in Santa Clara, California. Photographer: David Paul Morris/Bloomberg
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Intel Corp. is investigating whether someone gained early access to part of its earnings announcement on Thursday.
“We are investigating reports that non-authorized access may have been obtained to one graphic in our earnings material,” the chipmaker said in a statement. “Earlier today, once we became aware of these reports, we made the decision to issue our earnings announcement a brief time before the originally scheduled release time.”
Read More: Intel’s New CEO Commits to Manufacturing, Shares Fall
The company sent out its earnings report ahead of schedule. It usually releases the numbers after markets close, but this time it rushed them out about 10 minutes earlier when the stock was still trading.
The shares rallied 6.5% to close at $62.46 in New York on an upbeat forecast. But the stock fell almost 5% in extended trading after the company’s new CEO committed to in-house manufacturing during a conference call with analysts.
Have a confidential tip for our reporters?
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