Market Overview

Lenovo FQ1 Profit Rises 23%

Share:
Related LNVGY
Another Lackluster Quarter For PC Sales, Says Gartner
Qualcomm May Have Just Signed Up The Last Of The Top Five Chinese OEMs
Apple: Why Icahn Is Wrong About China (Seeking Alpha)

Chinese computer maker Lenovo Group (OTC: LNVGY) reported a 23% rise in its net profit in its fiscal first quarter.

Lenovo's quarterly net profit surged to $173.93 million, from $141.37 million, in the year-ago period.

Its revenue climbed 9.7% to $8.79 billion from $8.01 billion.

Lenovo shares closed at $19.62 yesterday.

Posted-In: profitEarnings News

 

Related Articles (LNVGY)

View Comments and Join the Discussion!