Lenovo Posts Upbeat FQ3 Profit

Lenovo Group LNVGY reported a 33.5% surge in its fiscal third-quarter net profit Lenovo's quarterly net profit climbed to $204.87 million, versus $153.46 million, in the year-ago period. Its revenue climbed 11.8% to $9.36 billion from $8.37 billion. However, analysts were expecting a profit of $178.38 million on revenue of $9.08 billion. Lenovo shares closed at $22.11 yesterday.