Wednesday, February 19, 2020

Lenovo Q3 profit jumps 11% as shipments rise

SHANGHAI: Chinese personal computer maker Lenovo Group Ltd reported a 11% jump in third-quarter net profit on Thursday, slightly beating analysts' estimates, due to higher shipments.

Lenovo's net profit in the quarter ended December rose to $258 million, compared with an average $223 million estimate of seven analysts, according to Refinitiv data.

Revenue rose to $14.1 billion from $14 billion in the same quarter last year, compared to an average $13.6 billion estimate of 10 analysts. - Reuters



source https://www.thesundaily.my/business/lenovo-q3-profit-jumps-11-as-shipments-rise-YC2026441

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