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Earnings Results: Intel shares top 17-year high in late trading after earnings, discussion of security challenges

Intel Corp. shares rallied in the extended session Thursday after the chip maker reported quarterly earnings that topped Wall Street views, driven by double-digit data-center growth, and forecast a strong outlook for 2018.

Intel INTC, -0.46% stock gained after earnings were released and then seemed to get a second wind after Chief Executive Brian Krzanich addressed security concerns in the company’s conference call. Shares surged 5.3% to $47.71 in after-hours trading during the call; the last time shares traded that high in a regular session was Nov. 2, 2000, when they hit $47.88, according to FactSet data.

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