Lenovo Group Ltd LNVGY reported a 30% rise in its first-quarter net profit.
Lenovo's quarterly net profit rose to $141.4 million, or $1.33 per share, from $108.8 million, or $1.08 per share, in the year-ago period. However, analysts were expecting a net profit of $133.77 million.
Its revenue jumped 35% to US$8.01 billion from $5.92 billion, missing analysts' estimates of $8.13 billion.
Lenovo shares gained 0.41% to close at $15.92 yesterday.
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