Lenovo Profit Beats Estimates in a Tough Quarter for PC Sales
Lenovo Group Ltd. posted better-than-expected profit as its PC shipments outperformed peers in a down quarter for the wider industry.Net income grew 44% to $358.5 million in the September quarter, Beijing-based Lenovo said in a filing on Friday. That compares with an average estimate of $343.3 million. Revenue rose 24% to $17.85 billion, also exceeding analyst projections....
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