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Lenovo Posts Upbeat FQ3 Profit

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Lenovo Group (OTC: 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.

Posted-In: profitEarnings News

 

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