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Lenovo Posts Rise In Q3 Profit

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Lenovo Group (OTC: LNVGY) reported a 30% gain in its fiscal third-quarter net profit.

Lenovo's quarterly net profit surged to $265.3 million, versus $204.9 million, in the year-ago period.

Its revenue climbed 15% to $10.79 billion versus $9.36 billion. However, analysts were expecting earnings of $244 million.

Lenovo shares closed at $22.50 yesterday.

Posted-In: profitEarnings News

 

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