Market Overview

Lenovo Posts Upbeat FQ2 Profit


Lenovo Group (OTC: LNVGY) reported a 36% rise in its net profit for the fiscal second quarter.

Lenovo's quarterly net profit surged to $219.7 million, from a year-ago profit of $162.1 million. However, analysts were expecting a net profit of $201 million.

Its revenue climbed 13% to $9.77 billion from $8.67 billion. Lenovo's world-wide PC shipments gained 2% y/y.

Lenovo shares fell 0.18% to close at $21.75 yesterday.

Posted-In: profitEarnings News


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