Finance

Intel shares pare gains after false earnings alert

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A few hours before Intel was scheduled to report its quarterly results Tuesday, Reuters sent out a second-quarter earnings alert, which sent shares lower.

The problem? Intel is set to report third-quarter earnings after the bell.

Reuters apologized for the blip a few moments later, saying "Please ignore the alert… Intel did not issue a statement on its second-quarter results. The company had reported second-quarter results on July 15, 2014."

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Intel shares dipped at 1:30 p.m. EDT when the erroneous alert surfaced. The stock saw a huge spike in volume. It was last up about 1 percent, versus 2.4 percent a before the mix up.

Wall Street forecast earnings of 65 cents a share on $14.45 billion in revenue, according to a consensus estimate from Thomson Reuters.

A similar slip up occurred ahead of the opening bell on Tuesday when JPMorgan Chase's third-quarter results leaked several hours early at 3:36 a.m. EDT.

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Nasdaq said the issue was caused by an "human error internally at Shareholder.com" and did not impact any other clients.