Intel Says it Recognized $1.9 Billion In Restructuring Charges In Q2

July 25 (Reuters) - Intel Corp INTC.O:

• INTEL Q2 ADJUSTED EPS $-0.10 VERSUS IBES ESTIMATE $0.01

• INTEL Q2 REVENUE $12.86 BILLION VERSUS IBES ESTIMATE $11.92 BILLION

• INTEL: PLANS TO END YEAR WITH CORE WORKFORCE OF ABOUT 75,000 EMPLOYEES DUE TO WORKFORCE REDUCTIONS, ATTRITION

• INTEL: RECOGNIZED $1.9 BILLION IN RESTRUCTURING CHARGES IN Q2, WHICH IMPACTED GAAP EPS BY 45 CENTS

• INTEL Q2 NON-GAAP GROSS MARGIN 29.7% VERSUS VISIBLE ALPHA ESTIMATE 36.50%

• INTEL OUTLOOK Q3 ADJUSTED EPS $0.00 VERSUS IBES ESTIMATE $0.04

• INTEL OUTLOOK Q3 REVENUE $12.6 BILLION - $13.6 BILLION VERSUS IBES ESTIMATE $12.65 BILLION

• INTEL OUTLOOK Q3 NON-GAAP GROSS MARGIN 36% VERSUS VISIBLE ALPHA ESTIMATE 36.8%

• INTEL: WILL NO LONGER MOVE FORWARD WITH PLANNED PROJECTS IN GERMANY AND POLAND

• INTEL: INTENDS TO CONSOLIDATE ASSEMBLY AND TEST OPERATIONS IN COSTA RICA INTO LARGER SITES IN VIETNAM, MALAYSIA

• INTEL: WILL FURTHER SLOW PACE OF CONSTRUCTION IN OHIO TO ENSURE SPENDING IS ALIGNED WITH MARKET DEMAND